Shares in sportswear retailer JD Sports rose on Tuesday, after the company announced £1.4 billion worth of sales in the six months to the end of July.
The was a 41 percent rise on the same period last year, alongside a 33 percent boost in pre-tax profit to a record £103 million.
Peter Cowgill, Executive Chairman, said the group had continued to make “strong progress”, demonstrating their “ability to prosper in an increasingly competitive market”.
“The base of our ongoing excellent multichannel retail performance comes from the continued strength of our core UK and Ireland Sports Fashion fascias. We have strengthened our foundations by significant progression internationally both instore and online so that the JD fascia now has a much broader store and multichannel consumer reach and brand influence globally”, he commented.
Cowgill said that he expected year end outturn to be towards the upper end of market expectations, which currently range from approximately £268 million to £290 million.
JD Sports (LON:JD) shares are currently trading up 9.25 percent at 372.10 (1235GMT).