JD Sports Fashion Plc managed to report generally good results for the year ended Jan. 30, 2021 despite the impact from the coronavirus pandemic and Brexit, “which have severely tested all aspects of the business,” the management said. The company’s profit before exceptional items and taxes of 421.3 million pounds (€486.0m-$578.0m) was only slightly down from the previous year’s level of £438.8 million. Even after accounting for exceptional charges, it showed a decline of only 7.0 percent. The gross margin improved by one percentage point to 48.0 percent across the group.
Revenues for the U.K.-based retail group, which runs banners like JD Sports, Size?, Blacks Leisure, Millets, Go Outdoors and the U.S.-based Finish Line, rose by 0.9 percent to £6,167.3 million pounds (€7.11bn-$8.46bn).
Worldwide, the total number of stores in the sports fashion segment rose from 2,203 to 2,396 in the course of the year.