JD Sports sees "excellent" first half on Euro 2016 boost

FTSE 250 retailer JD Sports Fashion said on Friday that it is well placed to deliver an “excellent” first-half result.

In its annual general meeting trading statement, the company said it has seen a further boost to sales in recent weeks from the UEFA Euro 2016 tournament.

“We face strong comparatives for the remainder of the year but our strong start will help facilitate delivery of current market expectations."

Back in April, JD Sports announced record results for the year ended 30 January, saying it was encouraged by the continued positive trading across its core fascias in the year.

The group’s final results came in well ahead of market expectations, with revenue up 20% to £1.8bn, operating profits up 56% to £158.9m and pre-tax profit 45% higher at £131.6m.