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JD Sports profits down 20% as it warns of supply chain pressures

22 Sep 2022 11:57 AM | Abbie Lunn (Administrator)

Pre-tax profits at JD Sports declined by nearly a fifth in the six months to July.

Profits were down from around £440 million during the same period of last year to roughly £384 million.

The sports fashion retailer said that this was driven by more normalised trading patterns following the pandemic, with up to 40 per cent of annual profits generated in the first half of the year.

Despite recording an eight per cent hike in sales for the past six weeks, the company said that the most material trading periods are yet to come and warned of continued supply chain issues.

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