THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
JD Sports raises profit forecast

Sportswear retailer JD Sports has upgraded its profit forecast after seeing its like-for-like sales growth maintained at around 3% in its second half to date.

SPORTS & LEISURE

JD Sports raises profit forecast

In a statement, the company said the positive performance announced in its interim results had continued through the second half, including the Christmas trading period.

As a result, JD Sports now expects its headline pre-tax for the year ended 3 February to reach around £300 million compared to previous market expectations of between £270 million to £295 million.

The company said it is pleased with the momentum seen in its international business, which forms a fundamental part of its growth strategy, and with progress made in its outdoor fascias.

Peter Cowgill, JD Sports executive chairman, added: "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.”

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy