JD Sports has posted a rise in group profit before tax and exceptional items of 26% to 67.4 million pounds ($92 million) in its year ended Jan. 30, up from 53.6 million pounds ($81.4 million) the prior year. Total revenue increased 14.7% to 769.8 million pounds ($1.1 billion) from 671 million pounds ($1 billion) last year.
Comps increased 2.5% – with the Sports Fascias and Fashion Fascias divisions representing 2.3% and 3.6% respectively.
“The year ended 30 January 2010 has been the sixth successive year of good progress in revenue and profitability for the group,” said executive chairman Peter Cowgill. “During the period, we have improved our profit before tax and exceptional items by 26% – this follows increases of 24%, 73% and 51% in the previous three years and such sustained performance, in the face of less than favourable economic conditions and exchange rates, reflects the strength of our brand.”
Acquisitions made last year included Chausport in France for 7.9 million pounds ($12 million).
