JD Sports meets profit expectations but warns of volatile trading in the year ahead
JD Sports has announced that its full year pre-tax profit has been in line with guidance in the range of £915 million to £935 million as it warned of a volatile trading environment in year ahead.
In the 52 weeks to 1 February, the retailer’s organic revenue increased by 5.8% after fourth quarter growth of 5.6% which was driven by a strong performance in Europe.
Meanwhile, like-for-like sales in the year rose by 0.3%, although there were respective declines of 2.5% and 0.1% in the UK and Asia Pacific region.
Giving an update on its performance in the new financial year, JD Sports said trading to the end of March has been in line with expectations.
Never Miss a Retail Update!While it currently expects FY26 pre-tax profit before adjusting items to be in line with consensus expectations of £920 million, the retailer warned that this excludes any potential impact from changes to tariffs. In addition, it expects the trading environment in its key markets to be volatile.
The group had 4,850 stores by the year end, up 1,533 from the start of the year, including 1,485 sites acquired through its purchase of Hibbett and Courir.
