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Article Date: September 2019
Word Count: 533

Brexit Schmexit: JD Sports Momentum Stays Strong


With most of U.K. retail in disarray because of the uncertainty surrounding the relationship with the EU, JD Sports had surprisingly strong results in its home market and continues to see progress in its U.S. operations as it reported net profit of £98.0 million ($120.8 mm) for the 26 weeks ended Aug. 3 compared to £95.4 million last year as sales rose 47% to £2,721.2 million ($3,358.8 mm) against £1,846.3 million. This year’s results included £28.7 million in one-time charges and another £7.6 million in charges related to lease accounting changes. Sir Sneaker said EBITDA on a comparable accounting basis ... Log in to view full article.

 


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