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

Sports Direct says trade 'remains challenging'

Sports Direct said that trading has 'remained challenging' since March 13, when it last made a statement to the City.

Sports Direct said that business had been tough across the group as a whole but that the board remained confident it would achieve EBITDA of approximately £148 million, in line with market expectations.

Nick Bubb, retailing analyst at Pali International said: "It is surprising that the poor March/April didn't do more damage to the bottom-line, but the company says that they expected life to be tough and so managed their costs and margins accordingly. Even so, EBITDA of £148m is still over 20% down on last year and that would leave profit before tax over 50% down."

Sports Direct will issue its preliminary results for the year to April 27 on July 10.

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.