for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

JD Sports reinstates outlook as stores reopen

Sept 8 (Reuters) - Britain’s biggest sportswear retailer JD Sports reinstated its annual guidance saying it was encouraged by its performance since stores reopened, as it posted a lower first-half pretax profit due to coronavirus-driven closures.

The owner of Footpatrol and Cloggs said reut.rs/3m3mAH4 on Tuesday it expects a full-year headline pretax profit of at least 265 million pounds ($348.63 million) and reported that pretax profit fell 68% to 41.5 million pounds for the six months ended Aug. 1.

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up