The company's profits before tax soared 81% year on year to £238.4m.In the 12 months to January 28 the fashion retailers, pre-tax profits shot up 81 per cent to £238 million. It had a third consecutive year of double-digit store LFL* growth in European sports fashion.
Blacks and Millets, owned by JD’s, delivered a positive result for the first time and the acquisition of the market leading Go Outdoors business will further develop our overall Outdoors proposition.
“We must recognize that there are external influences which may impact the latter part of the year, notably inflationary pressures arising from Brexit, the board remains confident in the robustness of the JD proposition and believes that the group is well positioned for further profitable growth,” announced Executive Chairman Peter Cowgill.
The retailer has 900 stores are in the UK. The group opened 54 outlets across Europe last year and opened a further two shops in Malaysia. The flagship JD store in Australia is due to begin shortly.