Sports Direct International, the UK's leading sports retailer, reported sales for its quarter ended Jan. 25 grew 2.6 percent to £771.0 million.
Gross profit increased 7.6 percent to £346.9 million.
Sports Retail sales in the 13 week period increased 2.7 percent to £643.2 million while Sports Retail gross profit increased 9.4 percent to £297.2 million.
Premium Lifestyle sales in the period decreased 0.4 percent to £70.9 million with gross profit decreasing 2.8 percent to £27.6 million.
The Brands division revenue increased 4.8 percent to £56.9, and the corresponding gross profit decreased by 0.9 percent to £22.1 million.
Sport Direct said there had been no material change in the financial position of the Group since the end of the most recent reporting period on Oct. 26.
Sales and gross profit of Sports Eybl & Sports Experts AG and Sportland International Group AS, which were acquired on June 26 and Aug. 26, respectively, were included in both the current period figures and in the prior period.
Dave Forsey, Chief Executive of Sports Direct International plc, said: “As we highlighted at our interim results in December, trading has been in line with management's expectations. Within Sports Retail we continue to focus on upgrading our store portfolio and integrating our business in Austria where a weak Winter sports season across Europe has proved challenging.
“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 £360m, before the charge for the Employee Bonus Share Schemes.”
The Group's preliminary results for the year ending April 2015 will be announced on July 16.
