The Super Retail Group Ltd (ASX: SUL) share price has been on a wild ride since closing at $8.66 on the back of a seemingly strong trading update at a Macquarie Conference on April 30, but it has since fallen nearly 12% in just two trading sessions to sell for $7.66 today.
On face value the trading update with same store sales at its flagship Supercheap Auto, Rebel and BCF stores gained by 3.6%, 4.5% and 3.6% respectively for the 43 weeks to April 27 2019. Total sales on a same-store basis were up 3.3% for the period, which is a reasonable result given the headwinds facing the retail sector.
Using trailing dividend metrics Super Retail Group also offers a huge 6.3% dividend yield plus full franking credits, with the group also trading on a relatively low multiple of historical earnings per share. However, Super Retail has not provided any specific profit or dividend guidance for the fiscal year ending June 30 2019.
Other retailers sporting a lot of volatility recently include Myer Holdings Group Ltd (ASX: MYR) and Kathmandu Holdings (ASX: KMD).
