Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

JD's profits to exceed expectations after strong January

JD Sports Fashion expects profit before tax and exceptional items to exceed market expectations for the year, after strong January trading.

The group, which runs the JD sports chain, as well as the Bank and Scotts fashion businesses, said that the positive sales uplift over the Christmas period had continued into January.

At a trading update on January 9, JD Sports Fashion predicted that negative sales would prevail in the early part of 2009, due to the difficult retail environment.

However, a pre-close statement from the company today said: “Following the trading update on January 9,2009, where we reported a positive sales performance for the Christmas period, management prudently anticipated that given the current general retail environment negative sales would prevail in the early part of the calendar year 2009.”

“The Board are pleased to report that the positive sales uplift reported for the Christmas trading period has in fact been sustained during January.”

Management expects profit before tax and exceptional items for the year to January 31 will marginally exceed current market expectations.

JD Sports Fashion will make its preliminary results announcement for the year ending 31 January 2009 on April 8 2009.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.