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JD Sports confirms positive sales momentum, raises outlook

By Prachi Singh

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Report

JD Sports Fashion Plc announced in a media statement that the positive levels of performance announced in its interim results statement continued through the second half, including the key Christmas period. Like for like store sales in the second half to date across the group’s combined sports and outdoor fascias, including those in Europe, were maintained at approximately 3 percent with additional sales growth arising from both material growth in online trade and continuing overseas space expansion.

Commenting on the trading update, Peter Cowgill, the company’s Executive Chairman, said: “I am delighted to report that we have maintained our positive performance from the first half of the year which continues to demonstrate the capability and strength of our highly differentiated multichannel proposition.”

The company further added that its headline group profit before tax for the year ended February 3, 2018 will reach around 300 million pounds (413.7 million dollars) against the prior market expectations of 270 million to 295 million pounds (372 to 406 million dollars).

Picture:Facebook/JD Sports

JD Sports Fashion PLC