JD Sports Fashion Plc Total Revenue for 22-Weeks to Jan. 1 in Like for Like Businesses More Than 10% Ahead on 2020

By Kyle Morris

JD Sports Fashion PLC said Wednesday that revenue for the 22-week period to Jan. 1 in its like-for-like businesses rose more than 10% compared with the same period in 2020, and that it expects headline pretax profit for fiscal 2022 of 875 million pounds ($1.19 billion).

The sports-and-fashion retailer said it is confident that headline pretax profit for the full year to Jan. 29 will be ahead of current market expectations, at at least GBP875 million. Current market expectations average GBP810 million, it said.

Assuming no further trading restrictions in the U.K. and North American markets, it estimates headline pretax profit for fiscal 2023 in line with the current year, which is ahead of current market expectations. The phasing of profit in the year should revert more to historic norms, with around 35% to 40% generated in the first half, it said.

Write to Kyle Morris at [email protected]

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