Is RCG Corporation Limited the best retail stock on the ASX?

August 27, 2015 | The Motley Fool

This morning, RCG Corporation Limited delivered yet another strong full year profit result for shareholders.

In the year to 28 June 2015, the owner of The Athlete’s Foot and exclusive distributor of many popular international footwear brands to Australia and New Zealand reported a healthy jump in revenue and underlying profit.

On a statutory basis, revenue jumped 67.4% to $135 million, but profit fell 11.7% to $10.3 million. However, excluding the $3.6 million in transaction costs arising from the group’s acquisition of the Accent Group in May, profit growth would have jumped well into double digits – underlying net profit was up 16%.

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