{"id":165921,"date":"2020-03-24T09:29:00","date_gmt":"2020-03-24T09:29:00","guid":{"rendered":"https:\/\/www.theindustry.fashion\/jd-sports-to-delay-results-publication-due-to-covid-19-crisis\/"},"modified":"2021-08-06T12:05:08","modified_gmt":"2021-08-06T12:05:08","slug":"jd-sports-to-delay-results-publication-due-to-covid-19-crisis","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/jd-sports-to-delay-results-publication-due-to-covid-19-crisis\/","title":{"rendered":"JD Sports to delay results publication due to COVID-19 crisis"},"content":{"rendered":"
JD Sports has said it will delay the publication of its preliminary results due to the COVID-19<\/strong> crisis.<\/p>\n <\/p>\n The sports retailer was due to announce its results for the year to 1 February 2020 on 15 April 2020.<\/p>\n JD said it had noted the guidance from the\u00a0Financial Conduct Authority over the weekend for all listed companies to observe a moratorium on the publication of results for at least two weeks<\/strong> and that it was likely that this request would be extended.<\/p>\n In light of this, the company said it was \"prudent\" to announce its delay now and said it was likely its results would be published towards the end of May.<\/strong><\/p>\n All JD Sports stores in the UK, Europe and US are on shut-down during the crisis and while it said that its online performance had been \"resilient [...] to date in most territories\" this offered only a \"comparatively small mitigation in terms of overall profit<\/strong> contribution\".<\/p>\n By delaying its results it would also be able to provide greater clarity of the impact of COVID-19 on the Group's performance for the current year to 30 January 2021.<\/p>\n \"Along with everyone else, the Group is experiencing major disruption to our business operations<\/strong> as we seek to protect our colleagues and customers from the effects of COVID-19. Their safety remains our number one priority and we continue to take all appropriate action in line with government advice in our various territories.<\/span><\/p>\n \"JD continues to offer a market leading, multichannel proposition in Sports Fashion Retail and we are confident that we will emerge from the current challenges in a strong position<\/strong> to resume our previous positive momentum,\" chairman Peter Cowgill said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" […]<\/p>\n","protected":false},"author":11,"featured_media":135777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[16042,10585,6,10494],"tags":[5202,5707,5626,11951,9952],"acf":[],"yoast_head":"\n