Record year for JD Sports PLC as profit before tax and exceptional items exceeds £100m

Executive chairman Peter Cowgill says group is well positioned to exploit opportunities for continued growth

John Stillwell/PA Wire A JD Sports shop
A JD Sports shop

JD Sports Fashion PLC, which operates around 850 stores throughout the UK and elsewhere, has enjoyed a record year.

Preliminary results for the year ended January 31, 2015, show the retail giant achieved revenues of £1.52bn, a 25% increase from the year before.

Profit before tax and exceptional items, meanwhile, rose 22%, from £82m to just over £100m.

The company said its performance in the sports fashion arena had been exceptional.

New stores had also been added in all existing territories.

JD Sports, which was recently granted planning permission for a new gym on Northumberland St, Newcastle, however, was negatively hit by the mild weather in the second half, impacting on sales of outdoor clothing.

Executive chairman Peter Cowgill said: “I am delighted to report that our continuing operations have delivered a record result for the year with a headline profit before tax and exceptional items in excess of £100 million for the first time. This result and its ingredients provide a robust platform for further profitable growth, at home and internationally.

“This result has been driven by an outstanding performance in our Sports Fashion fascias where JD’s unique and often exclusive sports and fashion premium brand offer continues to enthuse and excite both customers and suppliers. This, combined with our market leading standards of visual merchandising and disciplines instore, provides the basis for international success.

“The Board continues to believe that the Group is well positioned to exploit successfully the opportunities that exist for continued profitable growth.”

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