JD Sports Fashion had an incredibly successful holiday season, as the company reported an impressive revenue growth of over 20% for the six weeks leading up to December 31st. It’s important to note that these figures only include the company’s core retail businesses, as the sale of its premium fashion brands to Frasers Group was announced last month.

The growth of JD Sports’ core businesses has been consistent throughout the year. In the first half of the year, the company saw a 5% growth, and this positive trend continued in the second half, with a 10% increase in revenue for the 22 weeks leading up to the end of the year.

One aspect that has particularly pleased the company is the performance of its global premium sports fascias. North America has experienced strong growth of over 20%, which was expected due to improved product availability and the development of the JD fascia. Currently, there are 134 JD stores operating in the United States and Canada.

Not only has JD Sports seen growth in North America, but its businesses in the UK and Republic of Ireland, Europe, and Asia Pacific have also maintained their momentum. This success is evident in both brick-and-mortar stores and online, showcasing the company’s resilient proposition and the enduring strength of its multi-channel consumer engagement.

Thanks to its strong performance in the second half of the year and during the Christmas period, JD Sports expects its headline group profit before tax and exceptional items for the year ending on January 28, 2023, to be towards the higher end of market expectations, which range from £933 million to £985 million. However, the company cannot provide a more specific figure yet, as the trading in the remainder of January and the post-Christmas sales period in key European markets will affect the final results.

Despite the challenges faced by the retail industry, JD Sports remains confident about the future. It predicts that its headline profit before tax and exceptional items for the full year ending on February 3, 2024, will exceed £1 billion. The company believes that its unique proposition, which includes captivating in-store experiences, advanced digital technologies, a wide range of brands, and availability of key styles, continue to attract consumers worldwide.

JD Sports sees the continued international multi-channel development of its sports fashion businesses as the most significant opportunities for growth. Therefore, the company plans to accelerate its global investment in these businesses throughout 2023, seizing these opportunities and further establishing itself as a leader in the industry.

For more information on JD Sports Fashion’s impressive revenue growth, click here. To learn more about the company’s plans for global investment in its sports fashion businesses, click here.