JJB Sports Plc reported that its sales for the six weeks from 24th May to 4th July were up 22.3% on a like-for-like basis. Sterling gross margin on a like-for-like basis over the same period was up 54.5% resulting in an overall like-for-like gross margin over the same period of 43.9%.
Cumulative like-for-like sales from February 1, 2010 to 4th July are positive 12.1%, while cumulative gross margin for the same period is 43.8%, which is a 7.3 percentage point improvement on the comparative period last year and a 5.4 percentage point improvement since the end of the last financial year, the company added.
Since the Interim Management Statement and market update on 27th May, sales for the company have continued in line with expectations notwithstanding Englandâ€s premature exit from the World Cup. Sales for the six weeks from 24th May to 4th July were up 22.3% on a like-for-like basis.
JJB Sports plc trades from 249 JJB branded retail stores in the UK and Ireland
