Belfast Telegraph

JD Sports bucks trend with record revenues

JD Sports
JD Sports

By Alys Key

JD Sports has posted record results despite the UK's high street crisis, as the sports retailer looks abroad for further growth opportunities.

The group, which has around 10 stores in Northern Ireland, reported a 49.2% increase in annual revenue to £4.7bn for the 52 weeks to February 2, coming in at the higher end of market expectations.

Meanwhile, profit before tax was up 15.4% to £339.9m.

JD said it was "not immune" to the challenges facing the UK retail sector, but that its British and Irish business had delivered a rise in sales and profitability.

The performance reinforced management's belief bricks-and-mortar stores are still having a positive influence as the estate "raises brand awareness, provides consumers with an opportunity to physically see and try the product, and enables us to provide multiple delivery points".

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