JD Sports eyes higher first-half profits

Retail group JD Sports Fashion today said it expects to deliver a “satisfactory” rise in first-half profits as sales are lifted by the World Cup.

The firm said the build-up to the football festivities in Brazil had helped trading at its sports stores during the 18 weeks to 7 June, although it said divulging precise like-for-like figures at this stage would be “potentially misleading”.

“However, we are certainly pleased with the underlying performance of this segment in the period to date,” it added.

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JD also owns outdoor goods chains Blacks and Millets, along with a controlling stake in Edinburgh-based Tiso, and said sales in this part of its business were making “positive progress against weak prior year comparatives”.

The group is due to report its first-half results on 17 September.