Trading Statement

John David Group (The) PLC 18 January 2005 18 January 2005 THE JOHN DAVID GROUP PLC TRADING STATEMENT Since The John David Group PLC (the 'Group') reported its interim results on 14 October 2004 trading has continued to be encouraging in the core Sports business, the performance of which has benefited in the second half from the rationalisation of underperforming stores undertaken to date and weak prior year comparatives. The sales and margin comments set out below exclude any figures for RD Scott Limited ('Scotts') which was only acquired on 15 December 2004 and has performed in line with our expectations to date: •Group total sales were 4% higher than prior year in the eight week period ended 1 January 2005. •Group like for like sales increased 6% in the same eight week period with the core Sports business performing marginally better than this. Whilst underlying gross margin also improved in the Christmas trading period, the more aggressive elimination of underperforming stock, particularly in the Fashion business, has continued throughout the period since the interim results, with a corresponding impact on current year margin. The store closure programme has continued to date as planned and can be seen to be benefiting performance but will generate a further exceptional charge at the year end. Peter Cowgill, Executive Chairman, commented: ' The Christmas trading period has proven that our consumer offer and our strategy are stimulating a continued recovery in the Group's performance.' Enquiries: The John David Group PLC Tel 0161 767 1608/1000 Peter Cowgill (Executive Chairman) Mob 07876 680373 Barry Bown (Chief Executive) Brian Small (Finance Director) Hogarth Partnership Limited Tel 0207 357 9477 Andrew Jaques Barnaby Fry This information is provided by RNS The company news service from the London Stock Exchange TSTSFAFMWSISESF
UK 100

Latest directors dealings