Member Article

JD Sports Fashion announce pre-tax profit up 18% to £90.4m

Bury-based JD Sports Fashion plc have announced pre-tax profits of £90.4m, up 18% compared to the previous year.

The company has reported losses in its Outdoor section of the business but has decreased the loss by £3.1m this year.

JD Sports Fashion has also expanded its presence in Europe with 19 new stores, taking the total to 70 stores.

Peter Cowgill, executive chairman, said: “I am delighted to report that our continuing operations have delivered a record result for the year with a headline profit before tax and exceptional items in excess of £100 million for the first time.

“This result and its ingredients provide a robust platform for further profitable growth, at home and internationally.

“This result has been driven by an outstanding performance in our Sports Fashion fascias where JD’s unique and often exclusive sports and fashion premium brand offer continues to enthuse and excite both customers and suppliers.

“This, combined with our market leading standards of visual merchandising and disciplines in store, provides the basis for international success.

“The Board continues to believe that the Group is well positioned to exploit successfully the opportunities that exist for continued profitable growth.”

This was posted in Bdaily's Members' News section by Sophia Taha .