Superdry drops after warning on weaker shopper sentiment

Bloomberg

Superdry Plc shares plunged after the fashion retailer cut its profit outlook for the year, blaming its underperforming wholesale business and warning of potential consumer weakness in the months ahead.
The British retailer, known for its logo T-shirts and bright colours, expects adjusted pretax profit to be flat for fiscal year ending in April. That compares with a previous forecast for
£10 million to £20 million profit.
“Everyone is celebrating a good Christmas but expressing more and more caution about how spring-summer might play out,” Shaun Wills, Superdry’s Chief Financial Officer said in a phone interview. “We’re being a bit more conservative on our own internal projections.”