Trading Statement (4042V)
January 12 2012 - 1:00AM
UK Regulatory
TIDMJD.
RNS Number : 4042V
JD Sports Fashion Plc
12 January 2012
12 January 2012
JD SPORTS FASHION PLC
CHRISTMAS TRADING STATEMENT
JD Sports Fashion Plc (the "Group"), the leading retailer and
distributor of sport and athletic inspired fashion apparel,
footwear and fashion and outdoor clothing and equipment, today
announces an update on performance following the Christmas trading
period.
Considering the challenging trading conditions which have been
widely reported, and set against several years of compound growth,
we are pleased to report that in the 5 weeks to 7 January 2012
gross like for like sales in the core UK and Ireland fascias
increased by 1.6% (Sports Fascias +2.3%: Fashion Fascias -0.7%) and
after taking into account the impact of the additional VAT the net
like for like sales increased by 0.1%.
We have also been able to maintain gross profit margins broadly
in line with the prior year.
Outside of these core businesses, Chausport performed well
through this period and whilst Champion's sales continue to be
affected by the exceptionally difficult economic environment in the
Republic of Ireland this has been offset by a significant
improvement in their margins from improved operational execution.
Sprinter saw a marginal decline in sales through this period but we
remain pleased with the overall direction of this business and we
anticipate opening the first JD stores in Spain in the first half
of 2012.
Whilst the very recent acquisition of the trading assets and
trade of Blacks Leisure Group Plc will lead to a small reduction in
earnings in the current year, the Board believe that the final year
end outturn will be in the range of current expectations.
The Group will make its Preliminary Results announcement for the
year ending 28 January 2012 on 12 April 2012 and will provide a
fuller update on the recent acquisition at that time.
Peter Cowgill, Executive Chairman, commented: "I would like to
thank all our staff who through their efforts and commitment in
this busy trading period, have helped deliver this creditable
result."
Enquiries:
JD Sports Fashion Plc
Tel: 0161 767 1620
Peter Cowgill, Executive Chairman
Barry Bown, Chief Executive
Brian Small, Finance Director
MHP Communications Tel: 020 3128 8100
Andrew Jaques
Barnaby Fry
Ian Payne
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLLFEELAILLIF
Jd Sports Fashion (LSE:JD.)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jd Sports Fashion (LSE:JD.)
Historical Stock Chart
From Jul 2023 to Jul 2024