Home / Knowledge / News / Apparel/Garments / Sports Direct sales climb 21.1% in Q3 FY'13
Sports Direct sales climb 21.1% in Q3 FY'13
21
Feb '13
Sports Direct International plc, the UK's leading sports retailer, announces its Interim Management Statement relating to the period from 29 October 2012 to 20 February 2013. 

Current Trading Update

Group sales for the 13 weeks ending 27 January 2013 were up 21.1% to £589.5m (2012: £486.8m) and gross profit increased 22.7% to £244.8m (2012: £199.5m).

Sports Retail sales in the 13 week period increased 21.2% to £495.8m (2012: £409.0m), and Sports Retail gross profit increased 23.5% to £203.7m (2012: £165.0m).

UK Sports Retail square footage remained at circa 4m sq. ft. (2012: circa 4m sq. ft.).

Premium Lifestyle sales in the period were up 42.4% to £46.7m (2012: £32.8m) with gross profit increasing 35.1% to £20.4m (2012: £15.1m).

The Brands division revenue increased by 4.4% to £47.0m (2012: £45.0m), and the corresponding gross profit increased by 6.7% to £20.7m (2012: £19.4m).

There has been no material change in the financial position of the Group since the end of the most recent reporting period on 28 October 2012.

Dave Forsey, Chief Executive of Sports Direct International plc, said:

"As we highlighted back in December at our Interim Results, the Group's strong performance continued during Q3, primarily driven by our Sports Retail division, including online following the successful integration of our new operating platform.

"We are certain of reaching our 2013 full year targeted underlying EBITDA of £270m (before the charge for the bonus share schemes)."

Sports Direct is the UK's leading sports retailer by revenue and operating profit, with approximately 400 stores across the UK. The Group offers an unrivalled range of products at the best available prices from a variety of third-party and Group-owned brands, both in-store and online.  Sports Direct currently operates in 12 countries outside the UK, including Belgium, Slovenia, Portugal and France.

The Group has an extensive portfolio of over 20 internationally recognised sport, fashion and lifestyle brands including Dunlop, Slazenger, Everlast, Lonsdale and Karrimor.

Sports Direct was founded in 1982, listed on the London Stock Exchange in 2007 and is a constituent of the FTSE 250.

Sports Direct International plc


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X