JD Sports upgrades profit expectations as Christmas sales soar
JD Sports said it expects full-year profits to come in at the very top end of expectations after its sales doubled over the Christmas period.
For the 22 weeks to December 31, JD Sports reported that total sales grew 10% for the period – double the 5% growth reported in the first half of the year in its interim results. Over the six weeks of the festive period, JD Sports revenues were up 20% year on year.
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