Sports Direct International plc Reports Unaudited Consolidated Earnings Results for the Twenty Six Weeks Ended October 26, 2015; Revised Earnings Guidance for Fiscal Year 2016
December 10, 2015 at 02:00 am EST
Share
Sports Direct International plc reported unaudited consolidated earnings results for the twenty six weeks ended October 26, 2015. For the twenty six weeks, revenue was £1,433,668,000 against £1,432,898,000 for the same period of last year. Operating profit was £131,275,000 against £168,810,000 for the same period of last year. Profit before taxation was £187,252,000 against £149,732,000 for the same period of last year. Profit for the period attributable to equity holders of the group was £145,426,000 against £114,629,000 for the same period of last year. Diluted earnings per share were 23.1 pence against 18.6 pence for the same period of last year. Underlying basic earnings per share was 21.8 pence against 20.8 pence for the same period of last year. Net cash inflow from operating activities was £76,878,000 against £69,816,000 for the same period of last year. Purchase of property, plant and equipment was £92,230,000 against £26,715,000 for the same period of last year. Purchase of intangible assets was £29,000 against £3,000 for the same period of last year. Net debt decreased during the period to £20.3 million. Underlying EBITDA was £218,450,000 against £203,090,000 for the same period a year ago. Reported EBITDA was £173,806,000 against £203,466,000 for the same period a year ago. Underlying profit before tax was £160,400,000 against £160,600,000 for the same period a year ago.
The company expects that, trading since the period end has been in line with management's expectations, and underpins the 2015 Share Scheme's revised fiscal year 2016 Underlying EBITDA target of £420 million.
Frasers Group Plc is the British No. 1 in distributing sport items. The group provides sportswear for men, women and children (jackets, pants, fleece, vests, shorts, underwear, shirts, etc.), shoes, accessories (caps, sunglasses, belts, gloves, backpacks, sleeping bags, lanterns, etc.) and equipment (baseball bats, balls, rackets, golf clubs, etc.).
As of 24/04/2023, the group operated a network of 1,630 outlets worldwide.
Net sales are distributed geographically as follows: the United Kingdom (77.4%), Europe (18.4%), the United States (2.5%), Asia (1.4%) and Oceania (0.3%).
Sports Direct International plc Reports Unaudited Consolidated Earnings Results for the Twenty Six Weeks Ended October 26, 2015; Revised Earnings Guidance for Fiscal Year 2016