The high street retailer's shares have jumped off the back of their interims today.
Companies: JD Sports Fashion Plc
JD Sports (LON: JD/) have released their interim results today with the market reacting favourably to the healthy figures reported.
Shares in the Group have jumped 12% in early trading as the retailer reports revenue for H1 18 of £1.3bn, up 41% compared to the same period in 2017.
PBT is also up 33% to £103m and EPS is up 36% to 8p from 6p per share. An interim dividend of 0.26p will be issued after the strong first half of the year, up 4% from the 0.25p interim dividend issued this time last year.
The Group has also increased their online sales while continuing to grow their brick and mortar presence both in the UK and abroad, opening 12 new UK and Ireland stores and 23 new stores throughout mainland Europe. JD also opened its first stores in Australia during H1 18.
Executive Chairman of the Company Peter Cowgill was excited about the results, saying:
"This is another pleasing result demonstrating the strength of our highly differentiated multi-channel proposition and our ability to prosper in an increasingly competitive market for athletic inspired footwear and apparel... The base of our ongoing excellent multi-channel retail performance comes from the continued strength of our core UK and Ireland Sports Fashion fascias."
Looking forward towards the Groups Full Year report, he also commented that:
We are encouraged by the sales to date in the second half which have continued at similar levels to those in the first half supporting our continued confidence in the robustness of the JD proposition. We expect the year end outturn to be towards the upper end of market expectations, which currently range from approximately £268 million to £290 million."
JD's share price has grown exponentially in the last few years, increasing in value by over 350% since January 2015 to its peak in May of this year.
The Group's revenue chart and profit margins are as equally impressive with a revenue CAGR of 18% and net profit CAGR of 30% for the five years to 2017 (FY 17 finalised in January '17). JD currently has a market cap of £3.3bn and trade at a PE ratio of on par with the market median of 14x.
