Sports Direct International plc has reported strong trading for the nine weeks leading to March 30, 2014.
In an interim management statement covering the period, the company, founded by Newcastle United owner Mike Ashley, said it had grown group sales 10.3% compared to 2013, the figure going from £326.3m to £360m.
Gross profit, meanwhile, increased 11.5% to £147m.
There has been no material change in the financial position of the group since the end of the most recent reporting period on February 19.
Chief executive Dave Forsey said: “Sports Retail continues to perform well since the end of January, primarily driven by our on-going focus on exceptional quality, unbeatable value, availability and the continued optimisation of sales between stores and online.
“During the period, the Board was extremely disappointed to withdraw the resolution regarding a proposed share scheme award to Mike Ashley.
“The most disappointing aspect was where large shareholders gave their support only to then vote differently. This outcome is likely to lead to further uncertainty in the future.
“While we retain the ability to invest in margin, inventory and Group marketing to deliver long-term sustainable growth, the Board is very confident of achieving at least our full year internal underlying EBITDA target of £310m, before the charge for the Employee Bonus Share Scheme.”
The Group’s preliminary results will be announced on 17 July 2014.