JD Sports in the UK expects PBT in 2022 to be around £ 875m.

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JD Sports Fashion expects full-year pre-tax profit (PBT) by January 29, 2022 to exceed current market expectations of an average of £ 810 million. Currently, full-year revenue is expected to be at least £ 875m. The sustainable and positive nature of consumer demand through the second half of the year has raised expectations.

“Given the challenges that prevailed from the COVID-19 pandemic, such as the disruption of supply chain operations for some major brand partners, this is another very strong indicator of our strong relationship with Facia. Robust performance. Consumers, agility in multi-channel operations, strength of operational infrastructure, resilience of colleagues, “JD Sports Fashion said in a press release.

Total revenue for the 22 weeks to January 1, 2022, such as a group of similar companies, exceeded the same period in 2020 by more than 10%, with similarly positive performance throughout Black Friday and Christmas. Shown.

JD Sports Fashion expects full-year pre-tax profit (PBT) by January 29, 2022 to exceed current market expectations of an average of £ 810 million. Currently, full-year revenue is expected to be at least £ 875m. The sustainable and positive nature of consumer demand through the second half of the year has raised expectations.

“At this point, we will absorb additional statutory employment costs in the UK and reflect the profits from this year’s financial stimulus in the US, assuming there are no more trading restrictions in the UK and North America’s most important markets. Our best estimate is that the group’s pre-tax profit for the full year to 28 January 2023 will be in line with this year’s higher than current market expectations for fiscal year 2023. ” Added.

“The commitment of our colleagues is essential to our success. We thank everyone in the various businesses for their significant contributions to providing this outstanding performance.” Peter Cowgill, Executive Chairman, Said.

Fiber2Fashion News Desk (RR)

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JD Sports in the UK expects PBT in 2022 to be around £ 875m.

Source link JD Sports in the UK expects PBT in 2022 to be around £ 875m.

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