JD Sports confident to meet FY expectations on strong sales performance

By

Barbara Santamaria

Published
Jul 28, 2016

JD Sports said on Thursday that trading has been positive in the first half of the year. The UK retailer of sports, fashion and outdoor brands announced in a trading updated it is well positioned to deliver a headline profit before tax for the year ending 28 January 2017 in the upper half of current market expectations.

Full-year market forecasts for the company range between £170 million and £190 million.

In June, JD Sports said its first half sales benefited from a EUFA Euro 2016 boost, and that it was well placed to deliver “excellent first half results”.

The exact figures for the first half of 2016, ending on 30 July, will be announced on 13 September.