JD Sports Fashion Plc announce a Final dividend of 0.67 pence (30 July 2022: nil pence, 28 January 2023: 0.35 pence) per qualifying ordinary share paid in respect of prior period but not recognised as a liability in that period
Other financial highlights include:
Group revenue growth of 8% to £4,783.9m and 12% on an organic basis, reflecting the impact of non-core UK divestments
Premium Sports Fashion delivered 15% organic growth, or 9% like-for-like (LFL); further market share gains in key regions
Gross margins robust at 48% and well above pre-pandemic levels; H1 more normal promotional environment
Strong performance from their North America premium Sports Fashion fascias: organic growth of 15%, LFL growth of 9% and EBIT up 12%
Group Profit before Tax and adjusted items of £373.5m, reflecting a more normal H1 contribution of c.35% and investment in their people, systems and supply chain. After incorporating the adjusted items, Group Profit before Tax was £375.2m
Balance sheet net cash of £1,276.5m, up £263.4m versus 12 months ago
Inventory levels well managed and in line with sales growth expectations
