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- Eurasian 254.80 0.00
- Hsbc Hldgs.uk 726.00 0.00
- Next 4,580.00 0.00
- Woburn Energy 1.50 0.00
- Xtract 0.13 0.00
JJB warns sales slump
Monday, 9th July 2012
JJB Sports said since its update in April it has experienced a deterioration in trading performance against management expectations.The decline was seen particularly during May and June when the expected peak in sales in connection with sales of replica football kits and associated products generated from consumer interest in the European Football Championships did not materialise to the extent anticipated (and previously experienced with other major football championships).
This sales performance has been further exacerbated by the poor early summer weather, which has adversely impacted sales of seasonal product.
Consequently sales have fallen materially short of expectations.
Group like for like sales for the 22 weeks ended 1 July 2012 decreased by 8%.
As at 1 July 2012 net debt was £15.4m.
A full update will be provided at the time of our Annual General Meeting on 19 July 2012.
Story provided by StockMarketWire.com
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