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Article Date: September 2022
Word Count: 484

JD Sports H1 Pulled Down by U.S. Weakness


North American revenues from Finish Line, Shoe Palace, DTLR Villa and a growing number of JD Sports-bannered stores totaled £1,300.4 million ($1,633.7 mm) in the first half ended July 30, down 4% from £1,357.3 last year. The bottom line fared even worse, as profit before tax and exceptional items tumbled 47% to £130.4 million ($163.8 mm) from £245.5 million. JD called out the tough comparison with last year’s U.S. government stimulus-fueled demand, and results were also impacted by shortages of key athletic footwear styles in the first quarter, an effect of ... Log in to view full article.

 


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