John David Sports PLC
19 January 2000
JOHN DAVID SPORTS PLC
CHRISTMAS TRADING UPDATE
John David Sports Plc ('JD'), a leading specialist retailer of fashionable
branded sports and leisurewear, today announces an update of Christmas trading
and a Board change.
Christmas Trading Review
JD are pleased to announce that in the significant Christmas trading period
the company has continued its improved trading performance. Total sales for
the five week period ended 1 January 2000 were 26.8% above those of the
equivalent period last year, including a like for like sales increase of
17.6%. The improvement in gross profit margin from 45.5% to 46.0%, as
reported in the Interim Announcement on 7 December, has also been maintained.
The total sales growth for the financial period from 1 April 1999 to January
2000 is 20.9% including a cumulative like for like sales increase for the same
period of 6.9%.
John Wardle, Chairman and Chief Executive, commented: 'I am very pleased with
the sales and gross profit improvement achieved by the company in the year to
date. We have successfully strengthened all areas of our business. I look
forward to continued growth and the further development of our retail strategy
and brand enhancement.'
Board Change
John David Sports Plc announces that David Patrick, Chief Executive, has
resigned his position with the company by mutual agreement. John Wardle has
resumed the position of Chief Executive and leads an experienced management
team which continues to develop the proven retail strategy of the company.
Peter Cowgill has reaffirmed his commitment as Finance Director.
Enquiries: JOHN DAVID SPORTS PLC HUDSON SANDLER
Peter Cowgill Andrew Hayes/James Cracknell
Finance Director
Tel: 01706 628000 Tel: 0171 796 4133