Sports Direct on its way

Sports Direct on its way

It wasn't in-house performance that forced Sports Direct International (SPD) to report a near 75 per cent drop in pre-tax profit in the year to April 2018. Instead, statutory numbers from the retail chain were dented by a sharp decline in the value of its investment in fellow retailer Debenhams (DEB). Strip that out (and last year's one-off gain made on the profits of its stake in successful peer JD Sports Fashion) and pre-tax profit actually rose by a third to £153m.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now