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JD Sports confident of achieving headline profit

By Prachi Singh

Jul 3, 2019

The board of directors of JD Sports Fashion Plc is confident that the company is on track to deliver headline profit before tax for the full year, or equal to current consensus market expectations.

Peter Cowgill, the Executive Chairman of JD Sports Fashion Plc, said in a statement: "On 16 April 2019, the group announced results for the year ended 2 February 2019 which represented a further record performance for the group. We are now pleased to report that in the year to date we have continued to achieve encouraging like for like sales growth in our core Sports Fashion fascias both in the UK and internationally.”

"There has been further expansion in the global JD store estate with a net increase of 29 new stores in the period to 29 June 2019. As expected, the emphasis has been on international development with a net 18 new stores to date across Europe including the conversion of six former Chausport stores in France and a net five new stores in the Asia Pacific region with additional stores in both Malaysia and Australia. We have now opened our sixth JD store in the United States after the conversion of the former Finish Line store at the Mall of America in Bloomington, Minnesota. These JD stores are also now complemented by a trading website which was launched in May,” added Cowgill.