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.
JD Sports Fashion PLC will need to give investors something to shout about when it updates on Tuesday, 14 January. Last time out in November, JD Sports warned full-year profit would be at the low end of expectations after “volatile” trading over the end of third quarter.
JD Sports: Potential To Kick Up Massively In 2025
JD Sports Fashion PLC (LSE:JD.) has completed its acquisition of French sports retailer Groupe Courir for €520 million.
JD Sports Fashion PLC (LSE:JD.) shares topped the FTSE 100 risers on Monday morning, boosted by an upgrade from Deutsche Bank, which removed its 'sell' rating.
JD Sports Fashion PLC (LSE:JD.) spooked investors after warning full-year profit would be at the low end of expectations due to “volatile” trading over the third quarter.
The sneaker and fashion retailer trimmed its outlook after alerting of trading volatility due to higher promotional activity and mild weather in key markets.
JD Sports Fashion PLC (LSE:JD.) has said profit will sit at the lower end of guidance over the full year after volatile trading in the third quarter, driven by the likes of uncertainty around the US election.
JD Sports Fashion PLC (LSE:JD.)'s third-quarter figures are due next Thursday, 21 November, after chairman Andrew Higginson added to warnings over price hikes after last month's Budget.
A hike to employer national insurance contributions (NICs) following last month's Budget will no doubt fuel a spike in prices, JD Sports Fashion PLC (LSE:JD.)'s chairman has warned.