JD Sports LFL sales up more than 5% YTD

Retailer JD Sports said on Thursday that like-for-like sales were more than 5% higher year-on-year, driven by both the “strength and breadth” of its brand relationships and category offerings.
The FTSE 100-listed firm believes that headline pre-tax profits for the year ending 28 January 2023 will at least be equal to that for the year ended 29 January 2022, which it expects to be approximately £940.0m.

However, JD did note that while it was “pleased” with its year-to-date trading performance, which was at least in line with internal expectations, it also remains conscious of headwinds stemming from the general global macro-economic and geopolitical situation.

JD anticipates being in a position to announce its full-year results in early to mid-June.

Reporting by Iain Gilbert at Sharecast.com

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