|
|
07 Jan 2011
By Sharecast
(SHARECAST) - The Christmas snow was no problem for sport-themed fashion chain JD Sports Fashion, which did so well it now thinks full-year profits will beat expectations.
Like-for-like sales for the five weeks ending 1 January grew 2.5 percent and cumulative like-for-like sales for the 48 weeks are up 3.1 percent. They were up 2.8 percent in the 30 weeks to 28 August.
JD estimates profit before tax and exceptional items for the year ending 29 January will top consensus analyst expectations of £75.4m. Results are out on 13 April.
The company said in November the outcome for the 12 months would depend on sales and margins in December and January.
But there was a note of caution today as the company faces "significant challenges" due to the impact of both the recent VAT increase to 20 percent, and inflationary pressures, mostly from rising raw material prices.
Executive chairman Peter Cowgill called today's numbers "pleasing".
"Nevertheless the trading environment facing all retailers, and perhaps clothing retailers in particular, will provide additional challenges in the year to come," he said.
advertisement
This webinar assesses methods to ensure you have the internal processes fine tuned to monitor compliance with published standards in corporate and financial governance
Organisations are now looking for a software service that is cost effective, flexible, streamlined and able to meet the needs of the business both today and in the future
advertisement
Email Newsletters
Email Newsletters
Please enter your email below to receive your profile link
advertisement
Search by job title, salary, or location - we only list senior financial roles
08.45 AM, 20 Jun 2013
The FD Summit 2013 will feature some of the UK's most senior finance experts, speaking at the Intercontinental Hotel, Westminster
11am, 10 Jul 2013
This informative web seminar discusses how FDs need to proactively engage in developing employee benefits solutions for their organisations
This paper delves into the many benefits that can be obtained by automating the supplier statement process
UNIT4 works with a huge variety of different organisations across several sectors, and this guide has been built on its experiences and knowledge.These tips will provide you with the tools you need to improve
Britain has the most competitive corporation tax regime in the G20. But is it so attractive when other forms of taxation are increasing? asks Calum Fuller...
|
|
|
