UK retail chain talks up Easter profit hike

By John Bowker | April 9, 2009, Thursday |

Print Edition

BRITISH sports fashion chain JD Sports said yesterday that it expects the Easter holidays to deliver a 2 percent boost to like-for-like sales for the current trading year, building on better-than-expected full-year results.

The company said like-for-likes at its 450 stores were up 0.3 percent in the year to date, but Easter would improve the figure.

"Its the impact of the school holidays - we expect to move up a couple of points," Chief Executive Barry Brown told Reuters.

JD Sports said earlier yesterday that full-year pretax profit before exceptional costs came in 24 percent higher at 53.6 million pounds (US$78.65 million), ahead of analyst forecasts for about 50 million.

The full-year dividend was raised 41 percent to 12 pence a share.

Brown was tight-lipped JD's plans for its 10 percent stake in rival JJB Sports.

Consumer

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

UK retail chain talks up Easter profit hike

Email this to your friend