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JD Sports Update

Trading updated stated:

said Tuesday that it expects to report pretax profit for fiscal 2018 ahead of market expectations
Maintained its sales growth in the second half of the year
said for the year ending Feb. 3 it expects pretax profit to be around £300mln
This is higher than market expectations of between £270mln and £295mln
JD Sports said like-for-like store sales from July 30 to date were maintained at 3%

As of 8.05am the stock was trading up c.5.43% at c.388p


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