The Sports Direct Parent’s net income attributable to shareholders more than doubled to £330.9 million ($447.2 mm) from £155.3 million in the fiscal first half ended Oct. 26, on revenues from continuing operations that grew 5% to £2,581.3 million ($3,488.2 mm) from £2,458.6 million. Gross margin expanded by 160 basis points to 47.3%, while operating expenses increased 13% and by 270 b.p. as a percent of sales. Inventory grew by 8% year-over-year to £1,453.0 million, mainly due to the addition of Nordic retailer XXL and South Africa’s Holdsport.

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