Superdry issues Profit Warning
Monday, April 30, 2012
Belsize Accountancy in UK Economy, accounting errors, superdry

Clothing retailer Superdry issued a profit warning in April, citing “arithmetic errors” in their forecast as a contributing factor towards the poor results. This represents the retailer’s third profits warning since October in which it reported a shortfall of £8m to its profit expectations. The share price has dropped significantly as a result. The company has grown too quickly and is likely to have stretched its resources. Perhaps they could have benefitted from a high quality accountant!

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