28th May 2015 06:19
LONDON (Alliance News) - Sports Direct International PLC said it will provide an update on its outlook for the financial year to April 26 at its annual conference on Thursday, saying underlying earnings before interest, taxation, depreciation and amortisation will be in line with market expectations, while both underlying pretax profit and earnings per share are set to be ahead.
Sports Direct said its underlying Ebitda for the year will be GBP380 million, in line with market expectations, but said its underlying pretax profit and earnings per share will be ahead of the market view, without providing any specific figures.
The sporting goods retailer said the consensus beat will be driven primarily by its depreciation policy and lower interest charges.
Sports Direct said the conference also will include updates on its investment in large-format city centres stores in the UK and on plans for combined gym and sports retail concept stores.
The company will publish full-year results on July 16.
By Sam Unsted; [email protected]; @SamUAtAlliance
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