LONDON (dpa-AFX) - JD Sports Fashion Plc (JD.L), a retailer and distributor of branded sportswear, fashionwear and outdoor clothing and equipment, issued an update on performance following the Christmas trading period. The board believes that the Group remains on course to deliver headline profit before tax and exceptional items in line with current market view.
Earlier, the company reported that the like-for-like sales in the core UK and Ireland Sports and Fashion Fascias for the 42 weeks to November 23, 2013 stood cumulatively at very much the same level as they had after 26 weeks at the half year when they had stood at +5.8%. As a consequence of stronger trading in the Christmas period in the Sports Fascias, the like-for-like sales for the Group's core Fascia stores at the end of the 48-week period to January 4, 2014 are now marginally ahead of this level with underlying product gross margins largely maintained.
The board said it is pleased with this year's performance in the Sports Fascias and is focussed on improving the performance of other Fascias within the Group.
Copyright RTT News/dpa-AFX