JD Sports Fashion Plc Total Revenue for 22-Weeks to Jan. 1 in Like for Like Businesses More Than 10% Ahead on 2020

By Kyle Morris

JD Sports Fashion PLC said on Wednesday that revenue for the 22-week period through January 1 in its similar businesses increased by more than 10% over the same period in 2020 and that it expects a profit before tax for the year. fiscal 2022 of 875 million pounds (1.19 billion dollars).

The sporting goods and fashion retailer said he is confident that pre-tax profit for the full year to January 29 will exceed current market expectations, by at least £ 875 million. Current market expectations average £ 810m, he said.

Assuming there are no further trade restrictions in the UK and North American markets, it estimates profit before tax for fiscal year 2023 in line with the current year, which is ahead of current market expectations . The gradual change in earnings over the year is expected to return more to historical norms, with around 35-40% generated in the first half, he said.

Write to Kyle Morris at kyle.morris@dowjones.com


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