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JD. Jd Sports Fashion Plc

115.00
0.35 (0.31%)
Last Updated: 12:21:35
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
  0.35 0.31% 115.00 114.95 115.05 116.55 113.50 114.65 5,619,152 12:21:35
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

18/01/2005 7:30am

UK Regulatory


RNS Number:4658H
John David Group (The) PLC
18 January 2005


18 January 2005

                            THE JOHN DAVID GROUP PLC

                               TRADING STATEMENT

Since The John David Group PLC (the 'Group') reported its interim results on 14
October 2004 trading has continued to be encouraging in the core Sports
business, the performance of which has benefited in the second half from the
rationalisation of underperforming stores undertaken to date and weak prior year
comparatives.

The sales and margin comments set out below exclude any figures for RD Scott
Limited ('Scotts') which was only acquired on 15 December 2004 and has performed
in line with our expectations to date:

   *Group total sales were 4% higher than prior year in the eight week period
    ended 1 January 2005.


   *Group like for like sales increased 6% in the same eight week period with
    the core Sports business performing marginally better than this.

Whilst underlying gross margin also improved in the Christmas trading period,
the more aggressive elimination of underperforming stock, particularly in the
Fashion business, has continued throughout the period since the interim results,
with a corresponding impact on current year margin.

The store closure programme has continued to date as planned and can be seen to
be benefiting performance but will generate a further exceptional charge at the
year end.

Peter Cowgill, Executive Chairman, commented: " The Christmas trading period has
proven that our consumer offer and our strategy are stimulating a continued
recovery in the Group's performance."

Enquiries:

The John David Group PLC                        Tel 0161 767 1608/1000
Peter Cowgill (Executive Chairman)              Mob 07876 680373
Barry Bown (Chief Executive)
Brian Small (Finance Director)

Hogarth Partnership Limited                     Tel 0207 357 9477
Andrew Jaques
Barnaby Fry




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

END
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