By Reuters Staff
FILE PHOTO: People pass a JD Sports store in London, Britain April 11, 2017. REUTERS/Neil Hall
(Reuters) – Britains biggest sportswear retailer JD Sports on Monday forecast fiscal 2021 profit to be significantly ahead of current market expectations, citing strong demand on its online channels during coronavirus lockdowns.
The company said total revenue for the 22 weeks to Jan. 2 2021 in the groups like-for-like businesses were more than 5% ahead from a year earlier, adding that the outturn for the full year is expected to be at least 400 million pounds ($539.80 million).
($1 = 0.7410 pounds)read more
JD Sports sees annual profit ahead of estimates on strong online sales – Reuters
