JD Sports’ Aggressive M&A Moves Are Paying Off in the US + More Deals Could Be on the Way

Armed with new acquisitions and a firmer foothold in the United States, JD Sports Fashion Plc expects a banner year for profits. The British retailer, which reported 2020 fiscal year earnings and sales today, predicted that profits in 2021 could exceed pre-pandemic levels. According to the company, pre-tax profits before exceptional items for the full year ended January 2022 are expected to be in the range of 475 million pounds to 500 million pounds (or about $652 million to $687 million at current exchange), compared with a previous forecast of 440 million pounds to 450 million pounds.