LONDON, May 17 (Reuters) – JD Sports Fashion (JD.L) stated on Wednesday it anticipated revenue to exceed 1 billion kilos ($1.3 billion) for the primary time this 12 months as its provide of trainers, joggers and hoodies continues to chime with younger customers.

The group, which trades from 3,400 shops in 32 nations and on-line, reported revenue earlier than tax and distinctive gadgets for the 12 months to Jan. 28 of 991.4 million kilos – a file end result that was forward of steering and up from 947.2 million kilos in 2021-22.

For 2023-24 it forecast 1.03 billion kilos – in keeping with present common consensus expectations.

Revenue in 2022-23 was 10.1 billion kilos, up from 8.6 billion kilos, and JD stated it was reassured with buying and selling in its new monetary 12 months up to now, with natural gross sales progress of greater than 15% after 13 weeks.

“This performance is further evidence that consumers worldwide are more attracted than ever to JD’s differentiated proposition,” stated Chairman Andrew Higginson.

Reporting by James Davey; enhancing by William James

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