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Britain's JD Sports annual profit doubles on robust demand

06/22/2022 | 02:15am EDT
JD Sports logo on exterior of store in London

(Reuters) - Britain's largest sportswear retailer JD Sports Fashion on Wednesday reported a higher annual profit as stores witness a continued demand for sportswear.

The sportswear retailer's profit before tax rose to 654.7 million pounds ($800.2 million) for the year ended Jan 29, from 324 million pounds, a year ago.

($1 = 0.8181 pounds)

(Reporting by Amna Karimi in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADIDAS AG -2.46% 169.1 Delayed Quote.-31.53%
JD SPORTS FASHION PLC -1.38% 128.2 Delayed Quote.-40.31%
MARKS AND SPENCER GROUP PLC -1.82% 134.85 Delayed Quote.-40.64%
NEXT PLC -2.68% 6388 Delayed Quote.-19.46%
PUMA SE -2.28% 67.66 Delayed Quote.-35.59%
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Analyst Recommendations on ADIDAS AG
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Financials
Sales 2022 23 605 M 24 006 M 24 006 M
Net income 2022 1 303 M 1 325 M 1 325 M
Net cash 2022 95,6 M 97,2 M 97,2 M
P/E ratio 2022 25,0x
Yield 2022 1,82%
Capitalization 30 759 M 31 282 M 31 282 M
EV / Sales 2022 1,30x
EV / Sales 2023 1,20x
Nbr of Employees 60 661
Free-Float 89,5%
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Mean consensus OUTPERFORM
Number of Analysts 32
Last Close Price 173,36 €
Average target price 205,65 €
Spread / Average Target 18,6%
EPS Revisions
Managers and Directors
Kasper Bo Rørsted Chairman-Management Board & CEO
Harm Ohlmeyer Senior Vice President-Brand Finance
Thomas Hermann Rabe Chairman-Supervisory Board
Andreas Hubert Group Chief Information Officer
Martin Shankland Head-Global Operations
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