JD Sports Fashion PLC (LSE:JD.) confirmed that profits fell 4% in the past year but that trading in the first quarter of its new financial year was in line with expectations and it foresees a "low" overall potential impact from US tariffs.
JD Sports stock surged a whopping 14.9% last week but remains down 23.4% YTD and 68.8% off its all-time high, with tariffs posing a significant risk. Despite LFL sales growing a measure 0.3%, acquisitions and a large store footprint have boosted organic sales by 5.8%, thereby allowing for the board to reaffirm its January profit guidance. Flat guidance for the year ahead hasn't even taken the impact of tariffs into account, which means FY26 could see a repeat of FY25 where guidance is downgraded throughout the year.
It may be one of the best-known names on the British high street, but one bank reckons JD Sports Fashion PLC (LSE:JD.) is still struggling to find its footing in a market where the rules are changing fast.
- Bank says earlier concerns are now priced in, with free cash flow yields looking more attractive Barclays has lifted its rating on JD Sports Fashion PLC (LSE:JD.) from 'underweight' to 'equal weight', saying improvements in capital allocation and financial controls have helped address several of the stock-specific concerns that previously weighed on its view.
JD Sports Fashion PLC (LSE:JD.) shares bounced 10% to 69.5p, rebounding from a multi-year low as the sportswear retailer said profit for the past year was in line with previous guidance, though growth is expected to slow further in the year ahead.
There are certainly better weeks in the calendar for a trading update if you're a leading European retailer of a major American brand that has most of its products manufactured in Asia. Nevertheless, as Deutsche Bank analysts point out, that's the unenviable task facing JD Sports Fashion PLC (LSE:JD.
JD Sports Fashion PLC (LSE:JD.) shares fell on Monday as Deutsche Bank cut its target price on the retailer on the back of the Nike earnings and conference call last week.
JD Sports Fashion PLC shares fell 3.1% after a downgrade from Citi and a profit warning from Primark owner AB Foods. Analysts at the US bank made the decision on the back of a soft festive trading and 2025 earnings guidance downgrade from the sportswear retailer.
Sportswear giant JD Sports Fashion said its annual profit would come in lower than it had previously forecast due to higher than anticipated market headwinds.
JD Sports Fashion PLC (LSE:JD.)'s profit warning and resultant share price hit on Tuesday has not prompted Peel Hunt and Shore Capital analysts to ditch backing for the retailer.
JD Sports Fashion PLC (LSE:JD.) warned of lower revenue and profit through the end of 2024, citing challenging market conditions.
British sportswear retailer JD Sports Fashion downgraded its profit forecast after weaker trading in Britain and the United States and promotional activity in the market hurt sales, and it warned it was "cautious" on the coming year.