JD Sports Fashion has said it expects full-year profits to beat forecasts after “relatively strong” trading since the summer.
In an update today, the Bury-headquartered retailer said it expects pre-tax profits to exceed current consensus of £125m by £10m.
The company said it was making the forecast despite “recognising the critical importance of trading through the remainder of December and early January and also the further infrastructure cost increases during the year to support the increasing international development of the business”.
In September, JD Sports reported an 82% jump in half-year pre-tax profits as like-for-likes grew “more than 10%”. However, boss Peter Cowgill warned at the time that the organic growth the retailer has enjoyed during the last two years is “unlikely to continue indefinitely”.
The group will issue a post-Christmas trading update on January 14.