JD Sports Finishes With Record Results as It Prepares to Swallow Finish Line
Net income before taxes was a record £294.5 million ($421.1 mm) for the 53 weeks ended Feb 3 compared to £238.4 million in the prior 32 weeks as sales rose a hefty 33% to £3,161.4 million ($4,520.6 mm) from £2,378.7 million, according to a preliminary release of its FY results. The result was triple the record result of 2015 which reflected the company’s growth in digital sales as well as internationally as it expanded into Europe and Asia. The Pentland-controlled retailer expects to close on the Finish Line acquisition sometime in H1 of this year, making it the second global ... Log in to view full article.