JD Sports Fashion news and archive

JD Sports Fashion says sees higher FY adjusted pre-tax profit

London - British sports-fashion retail company, JD Sports Fashion Plc (JD.L), in its AGM trading update, said it believes it is on track to deliver adjusted profit before tax for the full year at an increased level of no less than 550 million pounds. The Group said its forecast reflects risk of further temporary store closures and the potential...

Business

JD Sports reveals strong outlook

JD Sports Fashion Plc said in a statement that despite the temporary closure of stores in a number of countries at various times in the year, total revenue for the group increased by approximately 1 percent in the year to 6,167.3 million pounds. Total gross margin in the year of 48 percent was slightly ahead of the prior year, while pre-tax...

Business

JD Sports to buy American footwear player DTLR Villa

JD Sports Fashion Plc has entered into a conditional agreement for the acquisition of 100 percent of DTLR Villa LLC, an athletic footwear and streetwear retailer based in Baltimore, Maryland. The company said in a statement that total cash consideration for the acquisition is 495 million dollars, of which approximately 100 million dollars will...

Business

JD Sports profit and revenues accelerate in the first half

Total revenue at JD Sports Fashion plc increased by 47.4 percent in the first half period to 2,721.2 million pounds (3,360.7 million dollars) including 725.2 million pounds of revenue from Finish Line and JD in the United States. The company said, like for like store sales across its global group fascias, excluding Finish Line but including the...

Retail

JD Sports expands retail footprint with 36 new stores

Ahead of its annual general meeting, JD Sports Fashion Plc said in a statement that the Group announced record results for the year ended February 3, 2018 and its board believes that the company continues to be on track to deliver a result for the full year in line with consensus market expectations. The company also opened doors to 36 new...