In a preliminary statement, JD Sports Fashion reported a strong 12 percent increase in same-store sales for the five weeks ended Jan. 3, in spite of strong comparatives in the previous year, as well as for the first 48 weeks of its current financial year, ended on the same day. The momentum of the JD banner and the sports business in general was maintained during the critical Christmas selling period. The management indicates that its headline profit before taxes and exceptional items for the full financial year ending on Jan. 31 will this exceed the top end of analysts' expectations, which ranged up to £90 million (€118m-$136m) before the announcement, in spite of incremental costs related to the international expansion of the group.
Related articles
-
ArticleBLS parent Brockhaus Technologies records further growth in 2023
German company Brockhaus Technologies AG closed the 2023 financial year with a 31 percent increase in turnover compared to the previous year to a total of €186.63 million. The subsidiary Bikeleasing-Service GmbH & Co. KG (BLS) also contributed to this excellent result. The publicly listed, Frankfurt-based company has held a ...
-
ArticleRecovery in leisure, business travels boosts Samsonite
Annual profitability at Gregory parent Samsonite rose by 33 percent to $450.3 million from $338.3 million for the 12 months ended Dec. 31. The group’s FY operating profit increased by 51 percent to $743.7 million from $492.1 million as the annual gross margin expanded by 350 basis points to 59.3 ...
-
ArticleBergfreunde revenue grows by 12%, more investments in ESG
Consumers’ reduced willingness to spend was once again reflected in a significant drop in total sales in German e-commerce in 2023. According to the German E-Commerce and Distance Selling Trade Association (bevh), overall gross sales of goods fell 11.8 percent to €79.7 billion. Despite this difficult environment, the sales trend ...