11th Sep 2013 06:36
LONDON (Alliance News) - Sporting goods retailer Sports Direct International Plc (SPD.L) posted an increase in its sales for the 13 weeks ended July 28, with double-digit growth in its gross profit.
For the 13-week period, Group sales grew 18.2 percent to 613.3 million pounds and gross profit rose 23.2 percent to 260.1 million pounds. The firm said last year it excluded Sports Eybl & Sports Experts AG and Republic.
In Sports Retail, sales increased 14.5 percent to 505.3 million pounds and gross profit increased 20.3 percent to 215.6 million pounds.
Premium Lifestyle sales surged 98.3 percent to 57.1 million pounds, with gross profit increasing 91.7 percent to 23.2 million pounds. The Brands division revenue increased by 4.3 percent to 50.9 million pounds.
The group said, during this period, UK Sports Retail opened 11 and closed three core stores, three of which were core relocations. The group also opened two non-core stores. European Sports Retail opened three stores - one in Spain and two in Poland.
Copyright RTT News/dpa-AFX
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