JD Sports confident of meeting full year profit expectations
JD Sports has said it is on track to deliver full year headline pre-tax profit at least equal to current market expectations.
In statement issued ahead of its AGM later today, the sportswear retailer said it has seen encouraging like-for-like sales growth at its core sports fashion fascias in the financial year to date.
It has also expanded its global store estate with a net increase of 29 new shops in the period to 29 June 2019. This included 18 openings in Europe and five in the Asia Pacific region.
In addition, the company has opened it sixth JD store in the US following the the conversion of a former Finish Line store at the Mall of America in Bloomington in Minnesota.
Peter Cowgill, chairman of JD Sports, said: “On 16 April 2019, the group announced results for the year ended 2 February 2019 which represented a further record performance for the group.
“The board remains confident that the group continues to be on track to deliver headline profit before tax for the full year at least equal to current consensus market expectations.”
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