31st Jul 2015 06:43
LONDON (Alliance News) - FTSE 250-listed retailer JD Sports Fashion PLC on Friday said it anticipates beating market expectations for the full year, after the group said trading remained strong in its business in the first half of the year.
JD said like-for-like sales in the half year to August 1 have been ahead of its expectations, though the group has seen its margins squeezed by the weakness of the euro.
But, assuming its current performance continues, JD Sports said it expects its headline pretax profit for the full year will be around 10% ahead of the current market consensus of GBP110 million.
By Sam Unsted; [email protected]; @SamUAtAlliance
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