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

JD Sports FashionAnnouncement

12/05/2022 07:00

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RNS Number : 1895L  JD Sports Fashion Plc  12 May 2022

12 May 2022

JD Sports Fashion Plc

Trading Update and 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 its performance in
the first 14 weeks of the new financial year covering the period to 7 May
2022.

The Group is reassured with the trading to date with total sales in the
Group's like for like businesses more than 5% higher than the same period in
the prior year. This performance is a positive reflection of both the strength
and breadth of the Group's brand relationships and category offer. It has also
been achieved against a backdrop of a global shortfall in the supply of
certain key footwear styles which we expect to improve progressively through
the year.

Whilst we are pleased with the trading to date, which is at least in line with
the Group's expectations, we remain conscious of the headwinds that prevail at
this time including the general global macro-economic and geopolitical
situation.

Notwithstanding these challenges, the Board still believe that the headline
profit before tax and exceptional items for the year end 28 January 2023 will
at least be equal to that for the year ended 29 January 2022 which, after
finalising certain year end accounting positions including the calculation of
leases under IFRS16, is now expected to be approximately £940 million.

The Group anticipates being in a position to announce its full year results
for the year ended 29 January 2022 in early to mid-June and will confirm the
final date 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

 

 

 

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