JD Sports Fashion Plc Trading Update (9363B)
January 16 2018 - 2:00AM
UK Regulatory
TIDMJD.
RNS Number : 9363B
JD Sports Fashion Plc
16 January 2018
16 January 2018
JD Sports Fashion Plc
Trading Update
JD Sports Fashion Plc (the 'Group'), the leading retailer of
sports, fashion and outdoor brands, today announces an update on
performance following the Christmas trading period.
We are very pleased to report that the positive levels of
performance announced in our Interim Results statement have
continued through the second half, including the key Christmas
period. Like for like store sales in the second half to date across
the Group's combined Sports and Outdoor fascias, including those in
Europe, have been maintained at approximately 3% with additional
sales growth arising from both material growth in online trade and
continuing overseas space expansion. The performance is
particularly encouraging when considered against the challenging
comparatives provided by the significant levels of sales increases
achieved in each of the last three years.
We remain pleased with the continuing momentum of our
international business which forms a fundamental pillar of our
growth strategy. As well as the continuing strong performance in
Sports Fashion we are also maintaining positive progress in our
Outdoors fascias.
We are now confident that our headline Group profit before tax
for the year ended 3 February 2018 will reach around GBP300m. Prior
to this announcement the range of market expectations was GBP270m
to GBP295m. The preliminary results for the year ended 3 February
2018 will be published on 17 April 2018.
Peter Cowgill, Executive Chairman, commented:
"I am delighted to report that we have maintained our positive
performance from the first half of the year which continues to
demonstrate the capability and strength of our highly
differentiated multichannel proposition.
"On behalf of the Board, I would like to thank all our
colleagues for their significant contribution in delivering this
excellent performance."
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Brian Small, Chief Financial Officer
MHP Communications Tel: 0203 128 8100
Andrew Jaques
Barnaby Fry
This information is provided by RNS
The company news service from the London Stock Exchange
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