The U.K.-based chain, which owns Finish Line, Shoe Palace and DLTR in the U.S., added that the positive performance continued into January and, as a result, full-year results are expected to be slightly ahead of previous expectations. Headline pre-tax profit for the year is now expected to be at least £900 million.
On January 12, JD Sports raised its outlook for profit for its fiscal year ended January 29 from £810 million previously to at least £875 million.
Separately, the company said in the release that the group has agreed with its auditors, KPMG, to delay the announcement of its final results for the 52-week period to January 29, 2022 to ensure that KPMG has sufficient time to complete its global audit and to allow the group to report on the outcome of the divestment of Footasylum Limited with greater certainty. Full-year results were previously expected to be reported on April 12.
The company also said it would enable the group to complete a review of its governance procedures and policies, in light of the ongoing process, to divide the current joint role of executive chairman and chief executive officer.
Photo courtesy JD Sports
