JD Sports Fashion expects earnings to bounce back strongly

Retailer JD Sports Fashion has posted falling annual profits, but said earnings are set to bounce back strongly over the year ahead as coronavirus restrictions ease.
By Greg Wright
Published 13th Apr 2021, 07:45 BST
Updated 13th Apr 2021, 07:48 BST
Retailer JD Sports Fashion has posted falling annual profits, but said earnings are set to bounce back strongly over the year aheadRetailer JD Sports Fashion has posted falling annual profits, but said earnings are set to bounce back strongly over the year ahead
Retailer JD Sports Fashion has posted falling annual profits, but said earnings are set to bounce back strongly over the year ahead

The group reported pre-tax profits of £324 million for the year to January 30, down from £348.5 million the previous year, even though revenues edged higher to £6.17 billion from £6.11 billion.

But JD Sports said it expects headline group pre-tax profits for the year to next January to surge to between £475 million and £500 million.

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