JD Sports has said it remains reassured by its trading in the first 14 weeks of its new financial year after total sales in its like-for-like businesses rose by more than 5% on the the same period in the prior year.
The sportswear retailer said it achieved the uplift despite global supply chain issues impacting certain key footwear styles, although it expects the situation to improve progressively throughout the year.
Despite the headwinds, the retailer still believes that pre-tax profit before exceptional items for the year to 28 January 2023 will at least be equal to that of the prior year, which is now expected to be £940 million.
