JD Sports reports banner year
JD Sports have released its preliminary results for the year to 2nd February. Revenues rose by 49.2 per cent to £4.7bn with gross profit up by 47.5 per cent. During the year it had opened 39 stores across Europe as well as 34 in the Asia Pacific region.
CEO Peter Cowgill commented: "I am very pleased to report that the group continues to make excellent progress with group EBITDA (before exceptional items) increasing by a further 27 per cent, being more than £100m, to £488.4m (2018: £385.2m)."
"We firmly believe that the elevated and dynamic multibrand multichannel proposition of the core JD fascia, which enjoys the ongoing support of the key international brands, has the necessary agility to continue to exceed consumer expectations and prosper in an increasing number of international markets."