Sports Direct says trading is in line with expectations
Sports Direct has reported that trading in its new financial year has continued to be in line with management expectations.
In a trading update issued in advance of its Annual General Meeting, the sportswear retailer said there had been no material change in the financial position of the group since the end of the most recent reporting period on 26 April 2015.
Dave Forsey, chief executive of Sports Direct International, said: “We continue to focus on the roll out of large format city centre stores and the expansion of our National Distribution Centre in Shirebrook.
“Consistent with previous guidance we continue to target the revised Underlying EBITDA target (before share scheme costs) of £420 million for the current period.”
Sports Direct will report its interim results for the 26 weeks to 25 October 2015 on 10 December.
