JD Sports expects strong rise in H1 like-for-like sales

JD Sports Fashion, updating its performance in the first half of the year has said that the business has continued to be strong with like for like sales remaining in excess of management forecasts. However, the company has suffered some loss of margin from the weakness in the euro in JD’s euro denominated business.

Subject to the continuation of a positive performance, the company now anticipates that the headline profit before tax for the current year will be approximately 10 percent ahead of the current consensus market expectations of around 110 million pounds (171.7 million dollars).

The group will announce its results for the half year ended August 1, 2015 on September 16, 2015.