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
Sports Direct to reach full year EBITDA target as Q3 sales rise by 21%

Sporting goods retailer Sports Direct has said it is certain of reaching its full year target EBITDA of £270 million after group sales surged 21.1% to £589.5 million in its third quarter.

GENERAL MERCHANDISE

Sports Direct to reach full year EBITDA target as Q3 sales rise by 21%

In the 13 weeks ending 27 January 2013, gross profit increased 22.7% to £244.8 million

While sports retail sales in the period increased 21.2% to £495.8 million, sports retail gross profit rose 23.5% to £203.7 million.

Sales at the group’s  Premium Lifestyle division, which includes Cruise and USC, climbed 42.4% to £46.7 million with gross profit increasing by 35.1% to £20.4 million.

Revenue at its brands division revenue was up 4.4% to reach £47 million while the corresponding gross profit rose 6.7% to £20.7 million.

Sports Direct chief executive Dave Forsey said: "As we highlighted back in December at our Interim Results, the Group's strong performance continued during Q3, primarily driven by our Sports Retail division, including online following the successful integration of our new operating platform."


 

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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing