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JD. Jd Sports Fashion Plc

115.15
0.50 (0.44%)
Last Updated: 12:32:49
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jd Sports Fashion Plc LSE:JD. London Ordinary Share GB00BM8Q5M07 ORD 0.05P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.44% 115.15 115.10 115.20 116.55 113.50 114.65 5,665,628 12:32:49
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Sport Gds Stores, Bike Shops 10.54B 538.8M 0.1040 11.13 5.94B

Trading Statement

11/01/2007 7:01am

UK Regulatory


RNS Number:3246P
John David Group (The) PLC
11 January 2007



11 January 2007


                            THE JOHN DAVID GROUP PLC

                          CHRISTMAS TRADING STATEMENT


Since The John David Group Plc (the 'Group') reported its interim results for
the 26 weeks ended 29 July 2006 on 28 September 2006, the Group has continued to
enjoy strong trading driven by the performance of the core Sports Division.

The Sports Division, (excluding those stores acquired from Allsports and
converted during the current year and the 14 airport stores acquired from
Hargreaves in July 2006) has seen a like for like sales increase of 5.7% for the
23 weeks to 6 January 2007 and of 5.0% for the 8 weeks to 6 January 2007 in
which the prior year period comparatives were relatively strong (+6.0%).
Cumulatively, for the 49 weeks to 6 January 2007, on this basis the Sports
Division like for like sales have improved by 4.5%. The Allsports stores have
benefited from the JD product offer and distribution service over Christmas to
produce results in line with management expectations.

The Fashion Division like for like sales increase for the 23 week period to 6
January 2007 was 5.9% but like for like sales declined 0.5% in the 8 week
Christmas period. Cumulatively for the 49 week period, like for like sales have
improved by 4.2% but, in our view, the branded fashion retail sector is
increasingly competitive and consequently the results of this division remain
depressed although property disposals in the current period will help future
performance.

The Group like for like sales increase for the 23 week period to 6 January 2007
was 5.7%, for the 8 week Christmas period was 4.5%, and cumulatively for the 49
week period stands at 4.5%.

The Group's gross margin improved in the first half against the equivalent
period last year and a year on year gross margin improvement has also been
achieved in the second half aided by progress on own brand sales in the Sports
Division. Although we have continued to experience cost pressures with regard to
rents, rates, utility costs and minimum wage rates, we nevertheless expect the
combination of continuing progress on margin and like for like sales to result
in final headline earnings for the year ended 27 January 2007 being ahead of
current market expectations.

For the full year to 27 January 2007, there will be a further charge for one off
net costs and write offs connected with the store disposal programme. This
programme remains ongoing but these costs have not been a significant drain on
cash resources.

Peter Cowgill, Executive Chairman, commented: "We are pleased with our
performance over the Christmas period and the year to date and believe it
demonstrates that our retail proposition and operational strategy are continuing
the improvement in performance of the Group."

The Group will make its Preliminary Results Announcement for the year ended 27
January 2007 on 26 April 2007.



Enquiries:

The John David Group Plc                         Tel: 0161 767 1608
Peter Cowgill, Executive Chairman
Barry Bown, Chief Executive
Brian Small, Finance Director

Hogarth Partnership Limited                      Tel: 020 7357 9477
Andrew Jaques
Barnaby Fry
Charlie Field




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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