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JD Sports' annual profit rises despite retail challenges in UK

JD Sports' annual profit rises despite retail challenges in UK
FILE PHOTO: People pass a JD Sports store in London, Britain April 11, 2017. REUTERS/Neil Hall/File Photo GLOBAL BUSINESS WEEK AHEAD -
Neil Hall(Reuters)
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(Reuters) - JD Sports Fashion Plc reported better-than-expected full-year earnings on Tuesday, benefiting from an expansion push in a tough retail environment at home.

Britain's biggest sportswear retailer, whose shopping website lists brands including Nike, Puma and Adidas, said headline pretax profit jumped 15.5 percent to 355.2 million pounds for the 53 weeks ended Feb. 3.

As per company-supplied consensus, analysts had estimated a pretax profit of 349.2 million pounds for the year.

(Reporting by Muvija M in Bengaluru; Editing by Bernard Orr)

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