JD Sports Fashion Plc, a sports and outdoorwear retailer based in the United Kingdom, has released its financial results for the 52 weeks ending 29 January 2022.
The activewear brand’s revenue increased to £8.563 billion from £6.167 billion, with gross profit increasing to 49.1 per cent from 48 per cent.
Profit before tax for the company increased to £654.7 million from £324 million in the previous year.
The Sports Fashion retail chains in the United Kingdom and Republic of Ireland, as well as North America, delivered strong results in the previous year, though Europe and Asia-Pacific were challenging.
Outdoorwear garments returned to profitability thanks to increased demand for vacations, with a profit before tax and exceptional items of £25.9 million.
“This result demonstrates our capacity for growth in both existing and new markets, and the strength of our global proposition and consumer engagement in store and online.We are particularly encouraged by the strong performance from the Group’s banners in North America,” said Helen Ashton, interim chair, JD Sports, in a statement.
