Business
JD Sports Fashion Plc Interim Results
JD Sports Fashion Plc Interim Results.
About this update from Jd Sports Fashion Plc
[{"type":"text","content":"\n\n21 September 2023\nJD SPORTS FASHION PLC\nUNAUDITED INTERIM RESULTS\nFOR THE 26 WEEKS TO 29 JULY 2023\n \nJD Sports Fashion Plc (the 'Group'), the leading retailer of sports, fashion and outdoor brands, today announces its interim results for the 26 weeks ended 29 July 2023 (comparative figures are shown for the 26-week period ended 30 July 2022).\n \nDelivering on our strategy; Strong Sales Growth & Profit on Track\n \nCommenting on the results, Régis Schultz, Chief Executive Officer of JD Sports Fashion Plc, said:\n\"We have delivered a strong first half to our financial period with organic sales growth1 of 12% and profit on track for the full year. In line with our strategic plan, growth is being driven by our premium Sports Fashion business with an impressive performance in Europe (+27%) and North America (+15%), supported by a strong performance in our more mature UK market (+8%). This performance continued in the important back to school period.\n\"We have made good progress delivering on our strategic pillars, focusing on expanding the JD brand and we will open more than 200 JD stores worldwide in this financial period. We are going to accelerate JD brand growth in Europe through purchasing the non-controlling interest in both ISRG and MIG, and the acquisition of GAP stores in France. This is alongside the proposed acquisition of Courir in the region, which will, when completed, enhance the Group's existing portfolio of complementary concepts, bringing into the company its market-leading focus on the female customer. Meanwhile, we are building and investing in talent and infrastructure to support future growth.\n\"Our first half performance would not have been possible without the efforts of our people across the world and I am extremely grateful for their continued hard work and commitment. I would also like to thank outgoing CFO Neil Greenhalgh specifically for his support since I joined and for his years of service to JD. I look forward to working with Dominic Platt, who will start as our new CFO in October 2023.\n\"Looking ahead, our core consumers remain resilient in the face of the ongoing global macro-economic challenges. The JD brand continues to strengthen its global presence, supported by our strategic partnerships with much-loved brands and our strong balance sheet.\"\n \nPerformance...