JD Sports Fashion Plc Trading Update and Final Results Timetable (0472C)
February 17 2022 - 10:00AM
UK Regulatory
TIDMJD.
RNS Number : 0472C
JD Sports Fashion Plc
17 February 2022
17 February 2022
JD Sports Fashion Plc
Trading Update and Change in Timetable for Announcing Final
Results
JD Sports Fashion Plc ('JD' or the 'Group'), the leading
retailer of sports, fashion and outdoor brands, today announces an
update on trading to the end of the financial year.
In the trading update on 12 January 2022, the Group announced
that total revenues for the twenty-two week period to 1 January
2022 in the Group's like for like businesses were more than 10%
ahead of the same period in 2020 with an equally positive
performance across the Black Friday and Christmas period. This
positive performance continued into January and, as a result, full
year results are expected to be slightly ahead of previous
expectations. Headline profit before tax and exceptional items for
the year ended 29 January 2022 is now expected to be at least
GBP900 million.
Separately, the Group has agreed with its auditors, KPMG LLP
('KPMG'), to delay the announcement of its Final Results for the 52
week period to 29 January 2022 to ensure that KPMG have sufficient
time to complete its global audit procedures and to allow the Group
to report on the outcome of the divestment of Footasylum Limited
with greater certainty. Further, it will also enable the Group to
complete a review of its Governance procedures and policies in
light of the ongoing process to divide the current joint role of
Executive Chairman and Chief Executive Officer which the Group
expects to update on as part of its Final Results.
The Group will make a further announcement on the timetable for
announcing its Final Results in due course.
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Neil Greenhalgh, Chief Financial Officer
Jennifer Iveson, Investor Relations
MHP Communications Tel: 0203 128 8193
Andrew Jaques
Peter Hewer
Charles Hirst
Catherine Chapman
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulations (EU) No. 596/2014
("MAR") and is disclosed in accordance with the Company's
obligations under Article 17 of MAR.
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END
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