Christmas Trading Statement
07 January 2010 - 6:00PM
UK Regulatory
TIDMJD.
RNS Number : 1504F
JD Sports Fashion Plc
07 January 2010
7 January 2010
JD SPORTS FASHION PLC
CHRISTMAS TRADING STATEMENT
JD Sports Fashion Plc ("the Group"), the leading retailer and distributor of
sport and athletic inspired fashion apparel and footwear, today announces an
update on performance following the Christmas trading period.
We are pleased to report that Group like for like sales for the five week
Christmas trading period ended 2 January 2010 were up by 6.6% with the Sports
Fascias (JD and Size) up by 5.9% and the Fashion Fascias (Bank and Scotts) up by
9.7%. This is particularly pleasing when considered in the context of our
Christmas trading like for like sales growth in recent years.
The Group's cumulative like for like sales for the 48 week period to 2 January
2010 are up 2.7% (Sports Fascias up 2.3% and Fashion Fascias up 4.5%), with UK
retail gross profit margins having improved marginally over the full period
compared to the previous year.
The Board now believes that current market expectations for Group profit before
tax and exceptional items will be significantly exceeded though the extent to
which this occurs is still dependent on the impact of the prevailing severe
weather conditions in the UK.
The Group will make its Preliminary Results announcement for the year ending 30
January 2010 on 14 April 2010.
Peter Cowgill, Executive Chairman, commented: "The Christmas trading period has
again been a good one for the Group and I am particularly pleased with both the
sustained progress in the Sports Fascias and the strong performance of the Bank
Fashion Fascia. This has been the result of our strong product proposition and a
lot of hard work from employees throughout the business."
+--------------------------------------+--------------------------+
| Enquiries: | Tel: 0161 767 1620 |
| JD Sports Fashion Plc | |
+--------------------------------------+--------------------------+
Peter Cowgill, Executive Chairman
Barry Bown, Chief Executive
Brian Small, Finance Director
+--------------------------------------+--------------------------+
| Hogarth | Tel: 020 7357 9477 |
+--------------------------------------+--------------------------+
Andrew Jaques
Barnaby Fry
Ian Payne
This information is provided by RNS
The company news service from the London Stock Exchange
END
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