REG - JD Sports Fashion - Trading Update and Final Results Timetable

JD Sports FashionAnnouncement

17/02/2022 15:00

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RNS Number : 0472C  JD Sports Fashion Plc  17 February 2022

17 February 2022

JD Sports Fashion Plc

Trading Update and Change in Timetable for Announcing Final Results

JD Sports Fashion Plc ('JD' or the 'Group'), the leading retailer of sports,
fashion and outdoor brands, today announces an update on trading to the end of
the financial year.

In the trading update on 12 January 2022, the Group announced that total
revenues for the twenty-two week period to 1 January 2022 in the Group's like
for like businesses were more than 10% ahead of the same period in 2020 with
an equally positive performance across the Black Friday and Christmas period.
This positive performance continued into January and, as a result, full year
results are expected to be slightly ahead of previous expectations. Headline
profit before tax and exceptional items for the year ended 29 January 2022 is
now expected to be at least £900 million.

Separately, the Group has agreed with its auditors, KPMG LLP ('KPMG'), to
delay the announcement of its Final Results for the 52 week period to 29
January 2022 to ensure that KPMG have sufficient time to complete its global
audit procedures and to allow the Group to report on the outcome of the
divestment of Footasylum Limited with greater certainty. Further, it will also
enable the Group to complete a review of its Governance procedures and
policies in light of the ongoing process to divide the current joint role of
Executive Chairman and Chief Executive Officer which the Group expects to
update on as part of its Final Results.

The Group will make a further announcement on the timetable for announcing its
Final Results in due course.

Enquiries:

 

JD Sports Fashion
Plc
Tel:  0161 767 1000

Peter Cowgill, Executive Chairman

Neil Greenhalgh, Chief Financial Officer

Jennifer Iveson, Investor Relations

 

MHP
Communications
Tel:  0203 128 8193

Andrew Jaques

Peter Hewer

Charles Hirst

Catherine Chapman

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulations (EU) No. 596/2014 ("MAR") and is disclosed in
accordance with the Company's obligations under Article 17 of MAR.

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