JD Sports has today issued a profit upgrade for its full-year after reporting a “strong” performance in the last six weeks.
The sportswear retailer said it is “well positioned” to deliver pre-tax profits in the “upper half” of expectations, which range between £170m and £190m.
JD Sports, which acquired two Dutch retail chains in March, said that since its AGM on June 17 the ”strong performance of our business has continued”.
It comes after boss Peter Cowgill said last month it expects “excellent” half-year results. At the time JD Sorts was enjoying a sales boost from the Euros football championship.
In April the Bury-headquartered retailer posted a 57% jump in pre-tax profits to £157.1m in the year to January 30, as sales rose 20% to £1.82bn.
It will report half-year results on September 13.
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