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 reports rising sales and profits

Sports Direct has reported a rise in sales and profits in the 13 weeks to 27 July despite England’s disappointing performance in the World Cup.

GENERAL MERCHANDISE

Sports Direct reports rising sales and profits

Group sales rose by 12.2% to £711.2 million while gross profit increased by 11.8% to £301.2 million.

Sports Retail sales in the period increased by 16.3% to £611.8 million with gross profit climbing by 15.8% to £260.4 million.

However, the group’s Premium Lifestyle division fared less well with sales decreasing by 8.8% to £52.1 million and gross profit falling by 11.6% to £20.5 million.  

Revenue in the brands division dropped 7.1% to £47.3 million as gross profit decreased by 4.7% to £20.3 million.

Sports Direct chief executive Dave Forsey said: "As we highlighted at our preliminary results in July, recent trading, including the period since 27 July, has been in line with management's expectations with some stronger weeks offset by England's disappointing World Cup performance.  Within Sports Retail we continue to focus on upgrading our store portfolio and integrating recent acquisitions, including Eybl and Sports Experts in Austria.  

"Consistent with previous guidance we continue to target underlying EBITDA (before share scheme costs) of £360 million for the current period."

 

 

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