Business
INTERIM RESULTS FOR THE 26 WEEKS TO 3 AUGUST 2024
INTERIM RESULTS FOR THE 26 WEEKS TO 3 AUGUST 2024.
About this update from Jd Sports Fashion Plc
[{"type":"text","content":"\n\n2 October 2024\nJD SPORTS FASHION PLC\n \nINTERIM RESULTS\nFOR THE 26 WEEKS TO 3 AUGUST 2024\n \nDelivering on our global, multi-brand strategy\n \nJD Sports Fashion Plc (the 'Group'), the leading global retailer of sports, fashion and outdoor brands, today announces its interim results for the 26 weeks ended 3 August 2024 delivering continued strategic progress.\nCommenting on the results, Régis Schultz, Chief Executive Officer of JD Sports Fashion Plc, said:\n\"We have today reported record interim results with Group revenue of £5.0bn, and Profit before tax and adjusting items of £405.6m, underscoring our ability to outperform the sector in a volatile global marketplace. Our success is a direct reflection of the strength and agility of our global, multi-brand strategy, which allows us to adapt swiftly to fast-changing industry trends across the world, and our operational excellence. This ensures we continue to deliver an industry-leading customer proposition both in store and online.\n\"Organic sales growth in the first half was 6.4% and our underlying operating margins were in line with last year, notwithstanding continued cost investment in our long-term growth. We are reiterating our previous Profit before tax and adjusting items guidance range of £955-1,035m.\n\"Our acquisition of Hibbett, Inc., which completed just before the period end, is a key milestone in our international development and advances the global nature of the Group through our strengthened position in the US. I remain confident in the delivery of our exciting growth plans for North America and that the Group is well positioned to continue growing share in the world's largest sportswear market.\n\"I am very proud of our teams across the globe, whose dedication and hard work have been instrumental in achieving these results. Our strong business model and clear strategy position us to deliver long-term growth and value creation for our shareholders.\"\n \nKey H1 Achievements\n· Proven strength and agility of our multi-brand model. In a global sportswear market benefiting from long-term structural growth, we continued to outperform the sector in H1. Organic sales growth* was 6.4% with like-for-like (LFL) sales growth* of 0.7%. Group revenues were up 5.2% to £5.0bn and up 6.8% in constant currency*. Profit ...