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Birmingham Post
Birmingham Post
Business
Jon Robinson

JD Sports confident of achieving record profits

JD Sports has said it remains confident that its profits will reach record heights during its current financial year.

The Greater Manchester-headquartered retail giant said it "maintains its view" that the headline profit before tax and exceptional items for the year to January 28, 2023, will be in line with the record performance for the prior year.

That year saw JD Sports rack up profits before tax and exceptional items of £947.2m, up from £421.3m.

READ MORE: JD Sports 'in exclusive talks' to sell Footasylum to private equity group

In a statement issued to the London Stock Exchange, the group added: "In the announcement of the final results for the 52 weeks ended 29 January 2022, released on 22 June 2022, the group advised that it was reassured with trading in the first four months of the year with total sales in the group's like-for-like businesses 5% ahead of the prior year.

"The group can advise that this positive performance has continued through June and that, after five months, the total sales in the group's like-for-like businesses remain 5% ahead of the prior year."

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