JD sees profits rise 26 per cent

Sports market proves lucrative for retail chain
Author:
Publish date:
273_mypictr_185x185.jpg

JD Sports has released details of its full-year financials today, revealing a 26 per cent increase in full-year profits, as reported by the BBC.

Pre-tax profits reached £64.7m – up from £53.6m in the previous year. Sales rose 2.5 per cent, though the retailer said they had dropped to two per cent in the ten weeks till April 10th.

Despite the positive results, JD remains cautious – warning that the wallets of consumers are likely to be battered in the coming months.

During the period covered by the financials JD acquired Canterbury Europe for £6.5 million.

Featured Jobs

cls logo_jpg 600x348

Bike Mechanic

Club La Santa I Lanzarote, Canary Islands I Competitive Salary & Benefits I Date Published Monday 7th January 2019

LTR coral logo 620x349

Local Project Manager (x3 roles)

Love to Ride I North East Lincolnshire, Slough, Southampton I Salary: £32,500 equivalent (PT, temporary) I Date Published Monday 7th January 2019

Logo stacked

Head of Marketing

Brompton I West London I Salary Competitive I Date Published Wednesday 9th January 2019

BE2016_googlelogo

Senior Sales Executive

BikeExchange I UK Nationwide I Salary TBC Depending on level of experience I Date published Wednesday 16th January 2019