JD sees profits rise 26 per cent - BikeBiz

JD sees profits rise 26 per cent

Sports market proves lucrative for retail chain
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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.

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