Superdry Shares Leap as UK Fashion Brand Returns to Profit

Superdry Plc shares jumped as the UK fashion brand returned to profit after pandemic-induced losses.

The retailer, known for its logo T-shirts and bright colours, reported adjusted profit before tax of £21.9 million ($24 million), compared with a £12.6 million loss a year earlier. The shares rose as much as 13 percent in London.

The return to profit “marks an inflexion point that gives confidence in its positive long-term trajectory,”…