JD Sports Tallies $6 Billion in Pro Forma North American Sales
Releasing some financial details before it officially reports next month, JD Sports confirmed that it would hit guidance for £915 to £935 million in adjusted profit before tax for the year ended Feb. 1, in which organic revenues increased 5.8%, and comps inched up 0.3%. The group has become a major player in North America, totaling about $6 billion in revenue and counting a full year of Hibbett’s contribution. Full-year organic revenues were up 7.5% in North America, with a +0.8% comp; Europe grew 10.5% (+2.7%); the U.K. slipped 0.7% (-2.5%); ... Log in to view full article.