LONDON (dpa-AFX) - JD Sports plc (JD.L) Wednesday reported a 0.2 percent improvement in gross like for like sales for the sixteen weeks ended November 19, 2011 as a result of a 'downward pressure' on consumer spending and lower consumer confidence impacting margins. Total sales dropped 1.5 percent due to a higher VAT.
Looking forward, the company's Board sees earnings for full fiscal year 'in line with current expectations', while adding that the result depends on performance during the Christmas season. A post Christmas trading update may be expected January 12, 2012.
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