The British retail group JD Sports Fashion Plc. has once again revised upwards its profit forecast for the 2021/22 financial year, which ended on January 29. The company now expects a profit before taxes adjusted for special effects of at least 900 million British pounds (1.08 billion euros) in an interim report on Thursday. The forecast had previously been raised to 875 million British pounds in January after strong Christmas business. The retailer explained that the surprisingly positive sales development before the turn of the year continued in the remaining weeks of the financial year.
At the same time, the group announced that it would postpone the publication of its results for the most recent financial year until further notice. According to the company, the auditor KPMG should be given more time for the audit. The reasons for this are the still unclear financial consequences of the sale of the Footasylum retail chain ordered by the competition authority CMA and personnel changes in the group. JD Sports plans to separate the roles of Executive Chairman and Chief Executive Officer, previously held by Peter Cowgill. The company wants to announce the first results of the structural reform together with its annual results. The final date will be announced “in due course”, the group explained.
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