Sales and profits flat at Sports Direct

Sales flat at Sports Direct

• Increase image
• View all images

Sports Direct said sales and profits were flat for the 13 weeks to July 27.

Sports Direct said that sales rose marginally to £336 million from £335m the previous year, while gross profit nudged up to £150m from £149m.

Sports Direct chief executive David Forsey said: "At the preliminary results on July 10, I said that the year to April 27 had been the hardest we have faced in our history. This has not improved since the year end."

Forsey added: "Since the end of July trading has remained in line with our expectations in tough market conditions."

During the quarter Sports Direct opened 11 stores and closed 14 smaller format shops.