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By Kyle Morris
JD Sports Fashion PLC said on Wednesday it expects to report adjusted pre-tax profit for 2023 towards the lower end of market expectations after booking a strong performance over the Christmas period.
The sports and fashion retailer said that for the fiscal year ending Jan. 28, it expects to report adjusted pre-tax profit in a range of 933 million to 985 million pounds ($1.13 billion – $1.20 billion).
Total revenue growth for the 22 weeks to December 31 was more than 10%, compared with growth of 5% for the first half, he said. Performance over Christmas was particularly impressive, he said, with total revenue up over the six-week period to December 31 of more than 20%.
North America recovered strongly, delivering growth of more than 20% during the second half so far, he said.
For fiscal 2024, the company sees adjusted profit before tax of just over GBP 1 billion.
Email Kyle Morris at kyle.morris@dowjones.com
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