British retailer JD Sports Fashion reports FY20 revenue of £6.16 bn

JD Sports Fashion, a UK-based leading retailer of sports, fashion and outdoor brands, has reported 1 per cent marginal revenue growth to £6.16 billion in the complete fiscal 2020 ended on January 30, 2021, compared to the revenue of £6.11 billion in the previous fiscal. The company’s profit for the period dropped to £229.2 million (FY19: £250.7 million).

 

JD Sports Fashion, a UK-based leading retailer of sports, fashion and outdoor brands, has reported 1 per cent marginal revenue growth to £6.16 billion in the complete fiscal 2020 ended on January 30, 2021, compared to the revenue of £6.11 billion in the previous fiscal. The company's profit for the period dropped to £229.2 million (FY19: £250.7 million).#

“The global Covid-19 pandemic and, more recently, the UK's formal exit from the European Union have presented a series of unprecedented challenges which have severely tested all aspects of our business including our multichannel capabilities, the robustness of our operational infrastructure and the resilience of our colleagues. However, at all times, the group has strived to do the right thing for all stakeholders,” Peter Cowgill, executive chairman, said in a press release.

 

JD Sports Fashion, a UK-based leading retailer of sports, fashion and outdoor brands, has reported 1 per cent marginal revenue growth to £6.16 billion in the complete fiscal 2020 ended on January 30, 2021, compared to the revenue of £6.11 billion in the previous fiscal. The company's profit for the period dropped to £229.2 million (FY19: £250.7 million).#

Gross profit during the year increased to £2.96 billion (£2.87 billion), while operating profit fell to £385.0 million (£426.6 million). Profit before tax for FY20 was £324.0 million (£348.5 million).

 

JD Sports Fashion, a UK-based leading retailer of sports, fashion and outdoor brands, has reported 1 per cent marginal revenue growth to £6.16 billion in the complete fiscal 2020 ended on January 30, 2021, compared to the revenue of £6.11 billion in the previous fiscal. The company's profit for the period dropped to £229.2 million (FY19: £250.7 million).#

Revenue of sports fashion segment were £5.80 billion (£5.69 billion). The outdoor segment’s revenue during FY20 were down £359.3 million (£414.0 million).

 

JD Sports Fashion, a UK-based leading retailer of sports, fashion and outdoor brands, has reported 1 per cent marginal revenue growth to £6.16 billion in the complete fiscal 2020 ended on January 30, 2021, compared to the revenue of £6.11 billion in the previous fiscal. The company's profit for the period dropped to £229.2 million (FY19: £250.7 million).#

Geographically, revenues in UK dropped to £2.52 billion (£2.59 billion), and revenues in Europe declined to £1.57 billion (£1.61 billion). However, revenues in US grew to £1.78 billion (£1.61 billion), while rest of world’s revenue remained stagnant at £280.4 million (£281.4 million).

 

JD Sports Fashion, a UK-based leading retailer of sports, fashion and outdoor brands, has reported 1 per cent marginal revenue growth to £6.16 billion in the complete fiscal 2020 ended on January 30, 2021, compared to the revenue of £6.11 billion in the previous fiscal. The company's profit for the period dropped to £229.2 million (FY19: £250.7 million).#

“Notwithstanding these well publicised challenges, a number of positive themes have been increasingly apparent through the year which gives us confidence that, as we begin to emerge from the worst of the disruption, JD is at the pinnacle of the global sports fashion industry. We have a market leading multichannel proposition which continues to enhance its relevance to consumers and has the necessary agility to progress in an environment where the retailing of international brands may see permanent global structural change,” Cowgill said.