- Supreme PLC expects to report a record performance for the first half of its fiscal year
- Revenue for the half year ended Sept. 30 is expected to be over GBP100 million
- Adjusted earnings before interest, taxes, depreciation and amortization is expected to be not less than GBP15 million
- Distribution of Elf vaping products has exceeded expectations and contributed to revenue and profit growth
- The company’s other categories have also reported strong revenue and profit growth
- Supreme PLC reaffirms its full-year guidance of revenue between GBP195 million and GBP205 million, and adjusted Ebitda of GBP28 million to GBP30 million
Supreme PLC is set to report a record performance for the first half of its fiscal year. The company expects to report revenue of over GBP100 million, compared to GBP67.6 million in the same period last year. Adjusted earnings before interest, taxes, depreciation and amortization are projected to be at least GBP15 million, up from GBP8.1 million. This outstanding performance is mainly attributed to the distribution of Elf vaping products, which has exceeded expectations and contributed to significant revenue and gross profit growth. Additionally, the company’s other categories have also experienced strong growth in both revenue and gross profit. Supreme PLC has reaffirmed its full-year guidance, expecting revenue between GBP195 million and GBP205 million, and adjusted Ebitda of GBP28 million to GBP30 million.
