UK: JD Sports like-for-like sales continue to edge up
Like-for-like sales in the UK and Ireland have continued to edge upwards, sports fashion and footwear retailer JD Sports said in a progress update today (16 November).
The company in September said like-for-like sales were up 2.8% in the six months to 31 July, and increased 2.7% in the four weeks to 28 August. And it now reports that cumulative year to date sales to 13 November “have marginally increased and cumulative gross profit margins have been maintained.”
But it warned: “The result for the full year remains very dependent on the sales and margin performance in December and January, and we are inevitably cautious about maintaining such positive like for like sales performance during the Christmas period against a backdrop of successive uplifts in previous years.”
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UK sporting goods retailer JD Sports has posted strong full-year profits but is cautious about consumer spending in the year ahead. ...
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