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JD Sports forecasts "excellent results"

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Sports retailer JD Sports has noted that the Euro 2016 has boosted its sales in the past few weeks and has forecasted "excellent results" for the first half of the year.

In April, the sportswear retailer saw profits soar by 45% to £131m, a record set of results.

Speaking ahead of the firm's annual meeting, Executive Chairman Peter Cowgill said: "We have, in recent weeks, seen a further boost to sales from the Uefa Euro 2016 tournament.

"Consequently, we are well positioned to deliver an excellent first half-year results. We face strong comparatives for the remainder of the year but our strong start will help facilitate delivery of current market expectations."

"The board stated that it was encouraged by the continued positive trading across our core fascias in the year to date and that it continued to believe the group was very well positioned for profitable growth" Cogwill added.

 

Published on Friday 17 June by Talya Misiri

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