A statement out today from Bury based fashion retailer JD Sports show says the company, that annual profits are set to beat market expectations after what it called an “exceptional performance”.
The sales for the forty nine weeks to the 7th January, say the group, been maintained at the same level as in the first half of the year, when they rose by “approximately 10%”.
“We are pleased to report that this positive trading has continued through the second half of the year with the cumulative like for like store sales growth for the 49 weeks to 7 January 2017 across all Group fascias maintained at this level. ”
The Board expects that the headline profit before tax and exceptional items for the current financial year will exceed current consensus market expectations of £200m by up to 15%.
Peter Cowgill, Executive Chairman, commented:
“I am delighted to report that we have maintained our excellent momentum from the first half of the year. Whilst we acknowledge that it would be unreasonable to expect like for like sales growth to be maintained at recent levels for a fifth consecutive year, we are confident that both domestically and internationally, our unique and often exclusive sports fashion premium brand offer provides a solid foundation for future development.”
The Group will make its Preliminary Results Announcement for the 52 weeks ending 28 January 2017 on 11 April 2017.