British sportswear retailer JD Sports Fashion is confident it will meet annual profit forecasts, it said on Wednesday, after its multi-brand strategy boosted half-year results even as the Nike brand is struggling.
Trainers feature strongly tomorrow and while sentiment appears to have been improving over JD Sports ahead of its update (read more), the same cannot be said of US giant Nike which is scheduled to report Tuesday evening. Topps Tiles meanwhile will give a take on the mood of the DIYers, when it updates.
JD Sports Fashion PLC (LSE:JD.) updates on Wednesday (2 Oct) with investors' sentiment about the retailer seemingly perking up.
London-listed retail big caps fell across the board on Friday, reflecting the larger-than-anticipated drop in the GfK Consumer Confidence Index. GfK data showed consumer confidence fell by seven points to -20 in August, making for a considerably worse print than the -13 forecast.
JD Sports Fashion PLC (LSE:JD.) has confirmed that it is closing a distribution warehouse in Derby, which will results in close to 200 jobs being lost.
JD Sports Fashion's global expansion, particularly in North America, positions it for continued growth, supported by strategic acquisitions and strong partnerships with brands like Nike and Adidas. Despite recent contractions in free cash flow and balance sheet risks, JD Sports is undervalued, with a PS ratio suggesting potential market cap growth of ~35% in 18 months. Inflation and discretionary spending risks loom, but JD Sports' market position and focus on affordable goods support a bullish outlook, making it a promising investment at its current valuation.
JD Sports Fashion PLC (LSE:JD.) reported a big improvement in sales growth for the past quarter but profit margins were crimped by promotional investment.
British sportswear retailer JD Sports Fashion reported a 2.4% rise in second-quarter underlying sales, an improvement on the previous quarter, but said it was cautious on its outlook for the rest of the year as the global macro environment remains volatile.
Back to school month is a good indicator for Spring/summer 2025 orders, suggests Swiss bank UBS and should be something to watch for in JD Sports Fashion PLC (LSE:JD.) update tomorrow.
JD Sports Fashion PLC (LSE:JD.) shares have dropped close to 4% on Monday after it was downgraded by analysts at Deutsche Bank, who argued the market is overstating its earnings and ability to generate cash.
At its last update, JD Sports Fashion PLC did not provide the most bullish of guidance, couching a hesitant 'on track' outlook with an emphasis on the volatile market backdrop. Last night's warning from Nike that upstart rivals were starting to take larger chunks out of its sales has already led to worries about the impact for stockists such as the FTSE 100 retailer, for which the US sportswear giant is a hugely important partner.
Mike Ashley's Sports Direct is taking a leaf out of JD Sport's book and is launching a membership programme alongside a new “enhanced” app. Set to launch next month, the programme will operate across all 500 of the sports retailer's UK sites in the first month.