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 profit soars 103%

The John David Group saw sales rise 11.6% to £592 million and profit before tax rocketed 103% to £35m for the 53 weeks ended February 2.

John David Group chairman Peter Cowgill said the exceptional performance was down to strong buying, merchandising and performance by the group’s own brands.

Group like-for-likes were ahead 11.6% over the year with the sports business up 11.1% like for like and the fashion fascias (excluding Bank) ahead 7.6% like for like.

However Scotts saw sales fall back to £34.5m against £37.7m the previous year. This was a result of store disposals.

Bank, which was bought by the John David Group in December, contributed £434,000 of operating profit in the second half of the year, helped by Christmas trading.

JD said that trading since the year end had been £encouraging” given the timing of Easter and the weather. Like-for-like sales at the sports fascias were ahead 4% for the 10 weeks to April 12. Like-for-like sales at the fashion fascias are up 4.9% over the same period.

However Cowgill warned: “The Group’s recent strong performance with regards to like-for-like sales and gross margins means that further improvement in these areas is becoming challenging. Furthermore, despite recent and current performance, the current economic climate and outlook dictates a note of prudence. The board is therefore cautious about the extend of future growth in earnings.”

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.