JD Sports Fashion Plc has reported a ten per cent rise in its revenues for the twenty-two weeks to 1st January 2022. It achieved a positive performance across the Black Friday and Christmas period and has revised its Group headline profit before tax to at least £875 million for the full year. The group will release its preliminary results for YE 29 January 2022 on 12 April.
The business said that it is cognisant of the ongoing challenges with operational restrictions from the Covid-19 pandemic across Europe and Southeast Asia combined with the well-publicised short-term constraint in the supply of inventory from certain brands. However, the Group, says that with its buying and merchandising capabilities, its breadth in brands and product assortment and a deep multichannel connection with the consumer, it is well placed to manage these challenges.
Executive chairman Peter Cowgill said: “The commitment of our colleagues is crucial to our success and I would like to thank everyone in our various businesses for their significant contribution in delivering this outstanding performance.”
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