JD Sports on track for 'excellent' first half
In a statement ahead of its annual general meeting, sportswear retailer JD Sports said it is on track to achieve an excellent" first half result after sales were boosted by the UEFA Euro 2016 football tournament.
The news follows record results for the company in the year to 30 January when pre-tax profit before exceptional items climbed by 57% to £157.1 million and revenue grew to £1.82 billion from £1.52 billion a year earlier.
Peter Cowgill, JD Sports executive chairman, said: "We have, in recent weeks, seen a further boost to sales from the UEFA Euro 2016 Tournament. Consequently, we are well positioned to deliver an excellent first half year result.
"We face strong comparatives for the remainder of the year but our strong start will help facilitate delivery of current market expectations."
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