logo
  

JD Sports Fashion Plc Sees FY22 Profit Before Tax Ahead Of Current Market View

JD Sports Fashion Plc (JD.L) said, for the twenty-two week period to 1 January 2022, total revenues in the like for like businesses were more than 10% ahead of last year. The Group noted that gross margins for the second half were in line with prior year.

The Group is now confident that headline profit before tax for the full year to 29 January 2022 will be ahead of current market expectations, which average 810 million pounds. It is now anticipated that the outturn for the full year will be at least 875 million pounds, the Group said.

For fiscal 2023, the Group's best estimate is that headline profit before tax will be in line with the current year, which is ahead of current market expectations.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla Inc. founder and CEO Elon Musk has sold some of his stake in the luxury electric car maker to avoid an emergency sale of its stock in the event of a forceful Twitter deal. Twitter Inc. and Tesla shares were gaining more than 4 percent in the pre-market activity on the NYSE and Nasdaq, respectively, following the news. Meta Platforms Inc., the parent of Facebook, Instagram, and WhatsApp, has added three more new privacy features to WhatsApp in its bid to enhance control and privacy on the popular messaging app. These features will give the user more control over their messages with added interlocking layers of protection. Insurance company Prudential plc reported Wednesday a sharp drop in first-half pre-tax profit. On an after-tax basis, the company recorded a profit, compared to last year's hefty loss, due to the absence of prior year's loss from discontinued operations. Separately, Prudential announced its 2022 first interim dividend of 5.74 US cents per ordinary share, which will be paid on September 27.
Follow RTT