JD Sports Fashion Plc Trading Update and Timetable for Final Results (1895L)
12 Mayo 2022 - 01:01AM
UK Regulatory
TIDMJD.
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 GBP940 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
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END
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