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Trading Update

3rd Dec 2015 15:30

RNS Number : 9452H
JD Sports Fashion Plc
03 December 2015
 

3 December 2015

JD Sports Fashion Plc

 

Trading Update

 

JD Sports Fashion Plc (the 'Group'), the leading retailer of sports, fashion and outdoor brands, announces an update on recent performance.

 

In the announcement of the Group's interim results on 16 September 2015, we reported that there had been an exceptional performance for the 26 week period to 1 August 2015, with like for like sales growth in the period across all Group fascias, including those in Europe, in excess of 10%.

 

We are pleased to report that relatively strong trading has continued and, whilst recognising the critical importance of trading through the remainder of December and early January and also the further infrastructure cost increases during the year to support the increasing international development of the business, the Board expects that the headline profit before tax and exceptional items for the current financial year is likely to exceed current consensus market expectations of £125m by £10m.

 

The Group will issue its post Christmas trading update on 14 January 2016.

 

Enquiries:

 

JD Sports Fashion Plc Tel: 0161 767 1000

Peter Cowgill, Executive Chairman

Brian Small, Chief Financial Officer

 

MHP Communications Tel: 0203 128 8100

Andrew Jaques

Barnaby Fry

Gina Bell

This information is provided by RNS
The company news service from the London Stock Exchange
 
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