logo
Plus   Neg
Share
Email

JD Sports Fashion Says Remains Confident On FY Profit Outlook

JD Sports Fashion Plc. (JD.L) said it remains confident that the full year Group headline profit before tax will be in the upper quartile of current market expectations which, after adjusting for the impact of the transition to IFRS 16, range from 403 million pounds to 433 million pounds.

In an update on performance following the Christmas trading period, the company said it is encouraging to report positive like for like trends in the Group's global Sports Fashion fascias, despite widely reported retail challenges in the Group's core UK market.

The company noted that it will publish the preliminary results for the year ended 1 February 2020 on 15 April 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Expedia Group Inc.(EXPE) plans to eliminate about 12 percent of its workforce or 3,000 jobs, following its disappointing 2019 business performance, according to reports citing an internal email from Expedia. The Job cuts will include around 500 at its Seattle headquarters. Cargill, a privately-held food and agriculture company, said Monday it will launch new private label plant-based patties and ground products in order to meet the growing global demand for protein. The new products will hit retailers and restaurants in early April. Cargill said that the plant-based protein products were developed through extensive consumer research and innovation. Taro Pharmaceuticals U.S.A., Inc., the U.S.-based business of Israeli Pharma firm Taro Pharmaceutical Industries, Ltd., recalled certain lots of seizure medication Phenytoin in the form of oral suspension for potential underdosing or overdosing, the U.S. Food and Drug Administration said in a statement. The company found that the oral suspension may not re-suspend when shaken.
RELATED NEWS
Follow RTT
>