Analyst Views: What was your reaction to Sports Direct’s interim statement?
SANJAY VIDYARTHI | LIBERUM
As flagged at the interims in December, Sports Direct has reported a slowdown in third quarter sports retail sales, but this has come with strong gross margin expansion, which is key… We think this is a decent performance and we maintain our view that it is well positioned to drive long term growth.
NICK BUBB | INDEPENDENT RETAIL ANALYST
Sports Direct did well again…Dave Forsey said ‘the board is very confident of achieving at least our full year internal underlying EBITDA target of £310m’…Last time the company reported the City was disappointed by slower trading and the lack of an upgrade, but that will hopefully keep people happy.