JD Sports profits ahead of market expectations

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JD Sports profits ahead of market expectations

By Alexandra Leonards

18/2/2022

JD Sports has announced that total revenues for the 22-week period to 1 January 2022 were more than 10 per cent ahead of the same period in 2020.

It said that performance across the Black Friday and Christmas period was equally positive.

As a result, the company expects full year results to be slightly ahead of previous predications.

Pre-tax profit before tax for the 2021 is expected to be “at least” £900 million, according to the sports retailer.

Last month JD Sports said that increased consumer demand meant that operating profit for the year would be ahead of market expectations of £810 million, predicting this would rise to at least £875 million for the 12-month period.

On Monday JD Sports and Footasylum were fined nearly £5 million for breaking competition rules after the Competition and Markets Authority blocked a merger between the two sports brands.

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