JD Sports has seen another huge jump in both profits and revenues, allowing it to raise its full year outlook and quash investor fears. In the 26-week period ended July 29, the retailer saw a 41 per cent rise in revenues to £1.36 billion while pre-tax profits jumped 33 per cent to £102.7 million. Despite seeing share prices drop by 10 per cent following its last trading update in which it revealed its margins were under pressure, confidence has now been restored and the retailer has raised its full-year expectations.
The rest is here:
JD Sports posts more record results