British retailer JD Sports Fashion has reported its profit before tax (PBT) and adjusting items was £912.4m ($1.16bn) in the 52 weeks to 27 January 2024 (FY24), down 8% compared with FY23.
Its PBT for the 53 weeks to 3 February 2024 was up by 66.7% to £811.2m.
The gold standard of business intelligence. The retailer achieved revenue of £10.39bn in FY24, increasing 2.
7% on the comparative 52-week period in FY23. During the quarter, revenue grew in all regions grew other than the UK, where revenue declined 8.3% to £3.
51bn. The retailer’s revenue in Europe increased 16.3% to £3.
09bn, while North American revenue increased by 8.4% to £3.41bn across the year.
JD Sports’ retail stores recorded revenue growth of 8.9% to £7.95bn in FY24, while its online channel saw revenue drop by 7.
6% to £2.35bn. Access the most comprehensive Company Profiles on the market, powered by GlobalData.
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However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form JD Sports registered adjusted basic earnings per share of 12.14p in FY24, down by 9.1% from FY23 due to the decline in profit before tax and adjusting items as well as the increase in the adjusted effective tax rate.
The retailer posted a gross margin of 48%, down slightly from FY23. As of th.