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Sports Direct Intl. SPD Pre Close Trading Update



  Sports Direct Intl. (SPD) - Pre Close Trading Update

RNS Number : 3712P
Sports Direct International Plc
24 October 2012
 



24 October 2012

                                       

                       Sports Direct International plc

                                       

                           Pre-close Trading Update

                                       

Sports Direct International plc ("the Group" or "the Company") today  provides 
an update on current  trading in advance  of its half year  end on 28  October 
2012.

 

Group total sales for the nine weeks ending 30 September 2012 were up 18.0% to
£402.7m (2012:  £341.3m) and  gross  profit was  up  21.7% to  £167.4m  (2012: 
£137.6m).

 

Sports Retail sales  for the  same period  increased 16.8%  to £344.7m  (2012: 
£295.1m), and Sports  Retail gross  profit increased 20.5%  to £142.8m  (2012: 
£118.5m).

 

Premium Lifestyle sales in the period increased 43.0% to £18.3m (2012: £12.8m)
with gross profit increasing 18.8% to £7.6m (2012: £6.4m).

 

Brands division revenue increased  18.9% to £39.7m  (2012: £33.4m) with  gross 
profit increasing  33.9%  to £17.0m  (2012:  £12.7m). This  includes  Firetrap 
wholesale sales of £7.8m (2012: Nil) and gross profit of £3.3m (2012: Nil). 

 

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

 

"The Group has continued to deliver strong growth through the second  quarter, 
especially within  the  UK Sports  Retail  division where  sales  and  margins 
benefited from the London Olympics and an excellent 'back to school' period.

 

"Since the end of September trading has remained equally strong and the  Board 
is therefore  confident of  reaching the  full year  targeted "super  stretch" 
underlying EBITDA of £270m (before the charge for the bonus share schemes)."

 

The Company  will announce  its Interim  Results for  the 26  weeks ending  28 
October 2012 on Thursday 13 December 2012.

 

 

For further information, please contact:

 

Sports Direct International plc     0845 129 9229

Dave Forsey, Chief Executive

Bob Mellors, Group Finance Director

 
          FTI Consulting            0207 831 3113

Jonathon Brill

Alex Beagley

Georgia Mann

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
TSTFEAFWDFESESS -0- Oct/24/2012 06:00 GMT
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