JD Sports Sees “Positive” Holiday Sales

JD Sports Sees “Positive” Holiday Sales

JD Sports Fashion Plc announced an update on performance following the Christmas trading period.

JD Sport said: “Against a backdrop of widely reported retail challenges in the Group’s core UK market, it is encouraging to report positive like-for-like trends in the Group’s global Sports Fashion fascias, particularly overseas.

“Given the increasing significance of our international businesses in the overall Group result and the fact that there is a differentiated timing of the post-Christmas sale period in a number of our key overseas markets, the ultimate outturn will reflect trading in these markets through the remainder of January.

“We remain confident that the full-year Group headline profit before tax will be in the upper quartile of current market expectations which, after adjusting for the impact of the transition to IFRS 16, range from £403 million to £433 million.”

The preliminary results for the year ended February 1, 2020, will be published on April 15, 2020.