JD Sports Fashion PLC announced Wednesday it will report its fiscal 2023 adjusted profit pretax profit towards the top of market expectations. This is after it had a strong Christmas period.
Sports-and-fashion retailer
JD,
It stated that it expected to report an adjusted pretax profit of between 933 million and 985 million pounds for fiscal year ended Jan. 28, $11.33 billion to $1.20 billion.
It stated that total revenue growth was greater than 10% for the 22 week period ending Dec. 31, compared to a growth rate of 5% in the first half. It said that Christmas performance was especially impressive with over 20% revenue growth in the six weeks to December 31.
It said that North America had experienced a strong recovery, with a growth rate of over 20% in the second half.
The company expects an adjusted pretax profit just above GBP1billion for fiscal 2024.
Write to Kyle Morris at kyle.morris@dowjones.com