Source - LSE Regulatory
RNS Number : 1895L
JD Sports Fashion Plc
12 May 2022
 

12 May 2022

JD Sports Fashion Plc

Trading Update and Timetable for Announcing Final Results

JD Sports Fashion Plc ('JD' or the 'Group'), the leading retailer of sports, fashion and outdoor brands, today announces an update on its performance in the first 14 weeks of the new financial year covering the period to 7 May 2022.

The Group is reassured with the trading to date with total sales in the Group's like for like businesses more than 5% higher than the same period in the prior year. This performance is a positive reflection of both the strength and breadth of the Group's brand relationships and category offer. It has also been achieved against a backdrop of a global shortfall in the supply of certain key footwear styles which we expect to improve progressively through the year.

Whilst we are pleased with the trading to date, which is at least in line with the Group's expectations, we remain conscious of the headwinds that prevail at this time including the general global macro-economic and geopolitical situation.

Notwithstanding these challenges, the Board still believe that the headline profit before tax and exceptional items for the year end 28 January 2023 will at least be equal to that for the year ended 29 January 2022 which, after finalising certain year end accounting positions including the calculation of leases under IFRS16, is now expected to be approximately £940 million.

The Group anticipates being in a position to announce its full year results for the year ended 29 January 2022 in early to mid-June and will confirm the final date in due course.

Enquiries:

 

JD Sports Fashion Plc                                                                                     Tel:  0161 767 1000

Peter Cowgill, Executive Chairman

Neil Greenhalgh, Chief Financial Officer

Jennifer Iveson, Investor Relations

 

MHP Communications                                                                                     Tel:  0203 128 8193

Andrew Jaques

Peter Hewer

Charles Hirst

Catherine Chapman

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTSFMESFEESEFI
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.