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JD Sports like-for-likes up 5%

JD Sports has said it remains reassured by its trading in the first 14 weeks of its new financial year after total sales in its like-for-like… View Article

SPORTS AND LEISURE NEWS

JD Sports like-for-likes up 5%

JD Sports has said it remains reassured by its trading in the first 14 weeks of its new financial year after total sales in its like-for-like businesses rose by more than 5% on the the same period in the prior year.

The sportswear retailer said it achieved the uplift despite global supply chain issues impacting certain key footwear styles, although it expects the situation to improve progressively throughout the year.

JD Sports said: “Whilst we are pleased with the trading to date, which is at least in line with the group’s expectations, we remain conscious of the headwinds that prevail at this time including the general global macro-economic and geopolitical situation.”

Despite the headwinds, the retailer still believes that pre-tax profit before exceptional items for the year to 28 January 2023 will at least be equal to that of the prior year, which is now expected to be £940 million.

JD is anticipates announcing its full year results for the year ended 29 January 2022 in early to mid-June.

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