Record H1 results for JD Sports
Retail group JD Sports has reported revenues of just under £3.9 billion for the first have of its current business year, the six months ending July 31.
This is an unaudited figure, but it represents an increase of 52.7% compared to the company’s results for the same period last year. Its pre-tax profit on its first-half revenues this year were £364.6 million, a first-half record for the company.
It said highlights included its business in the US, with all of its stores there, including recent acquired Shoe Palace and DTLR stores successfully capitalising on “the favourable trading conditions provided by a second round of fiscal stimulus from the federal government”.
In the UK and Ireland, it said sales through digital channels held up well in the first quarter, when stores were closed because of covid-19, and that it had noticed “strong pent-up demand” when shops fully opened again in April.
Executive chairman, Peter Cowgill, said the group demonstrated “outstanding resilience” in the face of challenges arising from the pandemic.
