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Evening Standard

Business

Simon English

£1 billion profit target looks far away at JD Sports, but sales recover in tight market

JD JD Sports Europe United States

JD Sports today bounced back from a January profit warning with sales growth in both Europe and the US. But profits for the year missed the £1 billion earlier hoped for by some way at £917 million. That was down on £991 million a year ago.

Régis Schultz, Chief Executive Officer, said: “We made important strategic progress: putting the JD Brand First through opening over 200 new JD stores; strengthening our Complementary Concepts through the proposed acquisitions of Courir and, announced after the period end, Hibbett.”

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