Net income tumbled 76% to $8,934,000 in the second quarter from $36,803,000 last year, as sales slipped 22% to $253,800,000 from $326,020,000, with comps down 22.3%, transactions down high-teens, and average ticket off about 4%.

Net income was cut by 76% to $920,000 in the second quarter from $3,895,000 due to eroding margins, though sales were up 23% to $162,039,000 from $131,602,000, with balanced growth across categories and channels.

Consolidated profit rose 32% to BRL 31,673,000 ($6.0 mm) in the second quarter from BRL 24,078,000, on revenues that increased 30% to BRL 1,463,007,000 ($279.1 mm) after excluding inter-group eliminations and returns, compared to BRL 1,122,846,000.

JD Sports Fashion has appointed Régis Schultz as the company’s new CEO, taking the reins next month from interim chief Kath Smith, who will resume her former role as senior independent director on the board.

The June rebound in NICS FBI background checks proved to be short lived, as July returned to a more than year-long downward trend, with checks declining 5% to 1,233,115 from 1,291,298 and down more than a third from 2020’s peak.