JD Sports Fashion Plc AGM Statement (8212S)
28 June 2018 - 4:00PM
UK Regulatory
TIDMJD.
RNS Number : 8212S
JD Sports Fashion Plc
28 June 2018
28 June 2018
JD Sports Fashion Plc
AGM Trading Update
Peter Cowgill, the Executive Chairman of JD Sports Fashion Plc
(the "Group"), the leading retailer of sports, fashion and outdoor
brands, will make the following trading statement to shareholders
attending its AGM today:
"On 17 April 2018, the Group announced record results for the
year ended 3 February 2018 with the Board also stating that it was
satisfied with progress and remained confident about the prospects
for the current financial year. This continues to be our view.
"There has been a further expansion in the JD store estate with
a net increase of 36 stores (109,000 sqft) in the period to 23 June
2018. As expected, the emphasis has been on international
development with 18 new stores to date across Europe which is in
line with our expectation of approximately one new store opening
per week on average. There has also been an increase of 16 stores
in the Asia Pacific region with additional stores in both Malaysia
and Australia and the first JD stores in both South Korea and
Singapore. The 16 new JD stores in the Asia Pacific region include
12 conversions (41,000 sqft) from other fascias operated by our
partners in these territories. Overall, we remain encouraged about
the progress that we are making internationally and, following the
recent acquisition of the Finish Line business, are excited by the
opportunity ahead of us in the United States.
"The Board considers that the Group continues to be on track to
deliver a result for the full year in line with consensus market
expectations."
The Group will announce Interim Results for the period to 4
August 2018 on 11 September 2018.
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
Nessyah Hart
Charles Hirst
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END
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