JD Sports Fashion has posted a 6.8 per cent rise in revenues to reach £5.032m for the six months to August 3, 2024. Pre-tax profit prior to adjusting items was £405.6m representing a 3.4 per cent increase on the previous year, but profit before tax came in at £126.3m, 64.3 per cent lower than last year due to non-cash items including costs associated with the closure of its Derby distribution centre.
The group had grown its store base to a total of 4506 locations during the period, up by 1189, including new openings and stores acquired as part of its Hibbetts deal.
Regis Schultz, JD Sports CEO said: “We have today reported record interim results with group revenue of £5.0bn, and profit before tax and adjusting items of £405.6m, underscoring our ability to outperform the sector in a volatile global marketplace.
“Our success is a direct reflection of the strength and agility of our global, multi-brand strategy, which allows us to adapt swiftly to fast-changing industry trends across the world, and our operational excellence.”
The group said in its statement that trading performance for H1 was in line with expectations.
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