JD Sports shares climb as sales continue to rise

JD Sports saw a 5.8 per cent increase in like-for-like sales between August and November, it said in an interim statement this morning. Shares have risen over five per cent this morning, following the news.

The sports retailer had reported the same rise in sales in the 26 weeks to 3 August. The board says it remains on track to deliver earnings in line with current expectations.

The company reiterated that its full-year results remain, as usual, highly dependent on sales and margin performance over the Christmas period, particularly the last two weeks of December.

It will issue its post Christmas trading update on 10 January 2014.