Record first-half growth for JD Sports - sportstextiles: Lea SportsTextiles

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Record first-half growth for JD Sports

12/09/2018
Sports and outdoor retail group JD Sports has announced revenues of more than £1.8 billion for the first six months of its current financial year, the period ending August 4, 2018. This figure represents an increase of 35% compared to the same six-month period a year ago.

Earnings before tax reached £171.8 million, up by 26% on the figure for the first half of the company’s previous financial year.

Commenting on the results, executive chairman, Peter Cowgill, said: “The group continues to make excellent progress. This is another record result for our group demonstrating that our multibrand, multichannel premium offer has resilient profitability in its core UK and Ireland market, with capacity for continued growth across an increasing number of international markets.”

During the six-month period, JD Sports opened 18 new stores in different parts of Europe and has said it anticipates opening at least 18 more in the second half. It also has 33 stores in Asia Pacific now.

Recent acquisitions, such as of The Finish Line in the US and of Sport Zone in Portugal, are also contributing to the growth of JD Sports.


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