JD Sports reports 24 percent rise in annual pre-tax profit

For the year to February 1, 2020, total revenue at JD Sports Fashion Plc increased by 30 percent to 6,110.8 million pounds, including 1,601.5 million pounds of revenue from Finish Line and JD in the United States and 215.9 million pounds from Footasylum in the 39 week period after it was acquired. Like for like store sales for the 52 week period across all group fascias, the company said in a statement, increased by 6 percent with the total like for like growth including online for the same businesses increasing by 10 percent. Gross margin in the year of 47 percent was slightly behind the prior year’s 47.5 percent. The company added that profit before tax and exceptional items increased by 24 percent to 438.8 million pounds.