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Sports Direct is expected to announce a jump in its profits next week while its colorful boss, Mike Ashley continues her attempt to turn the retailer into "Selfridges of sp ort ".
Sports channel profits began in 2016-17, while the devaluation of the pound was difficult, but the retailer is expected to show signs of recovery when it releases its year-end results.
Sports Direct is expected to post Underlying earnings after taxes is 103.18 million pounds, up 55.1% from 66.5 million pounds the year before.
The turnover is expected to reach 3.37 billion pounds, up 3.9%.
Earnings before interest, taxes, depreciation and amortization are expected to be 292.1 million pounds, up from 272.7 million pounds, an increase of 7.1% year-over-year
. , recently turned its attention to high-end brands, with badysts being cautiously optimistic about the end results.
George Salmon, Equity Analyst at Hargreaves Lansdown, said Sports Direct "is showing signs of progress" year "However, the recent conditions on the UK's high street have been disastrous," Salmon added. .
"The success of the English football team and a good weather will have done good to the group, but the project of becoming the" Selfridges of Sport "still has to produce results."
Investors will also looking for updates on Sports Direct's strategic investments
in the department store chain Debenhams in March, which brings him to a level at which he must launch a takeover bid
M. Ashley also holds interests in the privately owned House of Fraser, which recently announced that she was closing more than half
"The last six months have also seen changes in Sports Direct's stakes in Canada." other companies.
"The group now owns 29.7% of Debenhams and has sold its stake in the American shoe retailer Finish Line 19659004]" With Debenhams havin We had a hard time this year, watch for comments on the portfolio. Strategic investment, "said Mr. Salmon.
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