12th Jan 2017 07:39
LONDON (Alliance News) - JD Sports Fashion PLC on Thursday said good trading in the business has continued in the second half of its financial year and its headline annual profit is set to outpace market expectations.
The mid-cap sports clothing, fashion and outdoor clothing retailer said like-for-like sales growth in the second half of its financial year, to January 28, has continued at the same pace as the first half, when it reported 10% growth.
Headline profit before tax, before any one-off items, is therefore likely to outpace the GBP200.0 million expected by the market by up to 15%, the company said.
"I am delighted to report that we have maintained our excellent momentum from the first half of the year," said Executive Chairman Peter Cowgill.
"Whilst we acknowledge that it would be unreasonable to expect like-for-like sales growth to be maintained at recent levels for a fifth consecutive year, we are confident that both domestically and internationally, our unique and often exclusive sports fashion premium brand offer provides a solid foundation for future development," he added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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