JD Sports Fashion Plc Trading Statement (9423T)
12 January 2017 - 6:00PM
UK Regulatory
TIDMJD.
RNS Number : 9423T
JD Sports Fashion Plc
12 January 2017
12 January 2017
JD Sports Fashion Plc
Trading Update
JD Sports Fashion Plc (the 'Group'), the leading retailer of
sports, fashion and outdoor brands, today announces an update on
performance following the Christmas trading period.
In the announcement of the Group's interim results on 13
September 2016, we reported that the 26 week period to 30 July 2016
had been another period of excellent progress for the Group, with
like for like store sales growth in the period across all Group
fascias, including those in Europe, of approximately 10%.
We are pleased to report that this positive trading has
continued through the second half of the year with the cumulative
like for like store sales growth for the 49 weeks to 7 January 2017
across all Group fascias maintained at this level. This is a
particularly pleasing performance given the very strong like for
like growth achieved in the previous three years.
Notwithstanding the requirement for ongoing investment in the
operational infrastructure to support an increasingly complex and
international Group, the Board expects that the headline profit
before tax and exceptional items for the current financial year
will exceed current consensus market expectations of GBP200m by up
to 15%.
The Group will make its Preliminary Results Announcement for the
52 weeks ending 28 January 2017 on 11 April 2017.
Peter Cowgill, Executive Chairman, commented:
"I am delighted to report that we have maintained our excellent
momentum from the first half of the year. Whilst we acknowledge
that it would be unreasonable to expect like for like sales growth
to be maintained at recent levels for a fifth consecutive year, we
are confident that both domestically and internationally, our
unique and often exclusive sports fashion premium brand offer
provides a solid foundation for future development.
"On behalf of the Board, I would like to thank all our
colleagues for their significant contribution towards this
exceptional performance."
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Brian Small, Chief Financial Officer
MHP Communications Tel: 0203 128 8100
Andrew Jaques
Barnaby Fry
Gina Bell
This information is provided by RNS
The company news service from the London Stock Exchange
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