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JD Sports lifts profit forecast on back of strong Christmas

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JD Sports has raised its annual profit forecast for the second time in four months after a strong second half, which included an “encouraging” Christmas trading period. The sportswear retailer said it now expects group profit before tax for the year to February 3 to reach £300 million, ahead of analyst expectations of £270 million to £295 million and last year’s figure of £238.4 million – itself an 81 per cent year-on-year increase. READ MORE: JD Sports posts more record results In September, the retailer had said it expected pre-tax profit to hit the top end of market expectations from £268 million to £290 million

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JD Sports lifts profit forecast on back of strong Christmas

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