JJB sees like for likes rise
Increase in like-for-like revenue of 6.3 per cent.
Total revenue for the 22 weeks to 31 December 2006 was 6.0 per cent higher than in the comparative period last year.Total revenue for the 5 weeks to 31 December 2006 was 4.5 per cent higher than the equivalent period, including a like-for-like increase of 5.4 per cent.There has been a significant improvement in the retail stores’ gross profit performance (including those stores which are part of the combined health clubs/ superstores). Total revenue for the 22 weeks to 31 December 2006 was 4.9 cent higher
than in the comparative period last year and the gross margin achieved in that period was 130 basis points higher. For the 5 weeks to 31 December 2006, total turnover increased by 3.5 per cent. Roger Lane-Smith, JJB’s Non-executive Chairman, commented: ‘I am pleased with JJB’s trading performance throughout the current accounting period, including around Christmas and New Year”.
