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Strong performance at JD Sports continues

JD Sports Fashion has said it is “well positioned” to deliver pre-tax profits at the higher end of market expectations, following a strong first half.

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In a pre-close statement on the first half of the year, it said: “Further to our AGM trading statement on June 17, we are pleased to report that the strong performance of our business has continued.

“Subject to the continuation of positive trading, we are now well positioned to deliver a headline profit before tax for the year ending January 28 2017 in the upper half of current market expectations which range between £170m and £190m.”

In April, the group, which includes JD, Size?, Scotts, Tessuti, Blacks and Millets, reported record sales in the year to January 30, up 20% to £1.8bn.

It will announce its results for the half year ended July 30 on September 13.


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