JD Sports Fashion Plc AGM Statement (2617E)
03 Julio 2019 - 01:00AM
UK Regulatory
TIDMJD.
RNS Number : 2617E
JD Sports Fashion Plc
03 July 2019
3 July 2019
JD Sports Fashion Plc
AGM Trading Update
Peter Cowgill, the Executive Chairman of JD Sports Fashion Plc
(the "Group"), the leading retailer of sports, fashion and outdoor
brands, will make the following trading statement to shareholders
attending its AGM today:
"On 16 April 2019, the Group announced results for the year
ended 2 February 2019 which represented a further record
performance for the Group. We are now pleased to report that in the
year to date we have continued to achieve encouraging like for like
sales growth in our core Sports Fashion fascias both in the UK and
internationally.
"There has been further expansion in the global JD store estate
with a net increase of 29 new stores (109,000 sqft) in the period
to 29 June 2019. As expected, the emphasis has been on
international development with a net 18 new stores to date across
Europe (including the conversion of six former Chausport stores in
France) and a net five new stores in the Asia Pacific region with
additional stores in both Malaysia and Australia.
"We have now opened our sixth JD store in the United States
after the conversion of the former Finish Line store at the Mall of
America in Bloomington, Minnesota. These JD stores are also now
complemented by a trading website which was launched in May. We
remain encouraged by the developments in this market to date.
"The Board remains confident that the Group continues to be on
track to deliver headline profit before tax for the full year at
least equal to current consensus market expectations."
The Group will announce Interim Results for the period to 3
August 2019 on 10 September 2019.
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Neil Greenhalgh, Chief Financial
Officer
MHP Communications Tel: 0203 128 8193
Andrew Jaques
Giles Robinson
Nessyah Hart
Charles Hirst
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END
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