Stock Spotlight: Analysts torn on Superdry following delayed results

'Victim of the boom to bust cycle'

Analysts remain split on clothing retailer Superdry despite the delay to its annual results, which revealed the firm had lost as much money as it made in the previous year.

Superdry reported an adjusted loss before tax of £21.7m in its its delayed 2023 annual report, reversing its £21.6m adjusted profit before tax from the year prior. In a statement, Superdry's board attributed the delay to auditor RSM UK "taking longer than anticipated" to carry out "normal procedures" during its first year working with the clothing retailer. The results were released on Friday 1 September and, when shares resumed trading at midday on Monday 4 September, the price fell by 21% to 43p, a record low for the firm, according to data from Morningstar Direct. Despite this h...