Pentland Has Strong EBIT Gain in 2016
The U.K.-based retailer and brand portfolio company said revenues increased 21% to £2.9 billion ($3.8 bb), driven mostly by the growth at J.D. Sports of which it owns a majority. Operating profit increased 50% to £331 million ($432.5 mm) from £220 million prior. The group’s brand portfolio sales were up 1% to £634 million last year but JD Sport’s revenues increased 28% to £2.3 billion. JD Sports operating profit grew 56% ... Log in to view full article.