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 enjoyed World Cup Boost

Total group sales increased to £408m for the 13 weeks ending 25 July 2010 from £375m a year earlier.

CITY & CORPORATE

Sports Direct enjoyed World Cup Boost

Gross profit during the period increased 17.8% to £185m.

"Despite the performance of the England team during the World Cup, these results clearly show that Sports Direct had a good World Cup, although with better team results it could have been even stronger," the group said in a statement.

Since the end of July, Sports Direct said its underlying performance has remained strong and in line with management's expectations while its debt reduction programme is continuing to perform well.

The group, which is majority controlled by Newcastle United owner Mike Ashley, said it was targeting full year underlying EBITDA of around £195m, after the £10m charge for the bonus share scheme.

"Assuming there is no significant deterioration in economic conditions, the Board remains comfortable with this view," it said in a statement.

Retail sales increased 11.6% year on year to £365m while retail gross profit increased 20.1% to £167m. Brands division revenue declined 6.5% to £43m.

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