JD Sports reports 12 percent like-for-like sales growth

JD Sports Fashion has reported that like-for-like store sales growth in the continuing businesses during the five week period up to January 3, 2015 was 12 percent. Cumulative like-for-like sales growth for these stores for the 48 week period stood at 12 percent.

On the basis of this performance, and whilst recognising certain infrastructure cost increases during the year to support the larger and more international business, the Board is now confident that the headline profit before tax and exceptional items for the continuing operations will exceed the top end of market expectations for the current financial year which currently range up to 90 million pounds (136.5 million dollars). The group will make its preliminary results announcement for the 52 weeks ending January 31, 2015 on April 15, 2015.

Commenting on the Christmas trading update, Peter Cowgill, Executive Chairman, said, “I am delighted to be able to report that the great momentum I reported in the Sports Fascias in all our territories earlier in the financial year has been maintained during the key Christmas period, particularly when measured against strong comparatives in prior years.”