JD Sports Raises Earnings Guidance
JD expects to report pre-tax earnings of at least £900 million (€1,074m) for the financial year ended Jan. 29, up from previous guidance of £750 million given in Sep. and £810 million on Jan. 12. The new forecast follows an increase of more than 10 percent in the group’s sales on a comparable basis for the 22 weeks ended Jan. 1, with equally positive performance during the Black Friday and Christmas periods. The positive performance continued into January, JD said.
On the other hand, the international U.K.-based sports and outdoor retailer said that the final results would be published after the ... Log in to view full article.