JD Sports FY PBT to meet expectations
JD’s total number of stores at the year end was 4,850, up 1,533 from the start of the year, including 1,485 stores acquired through Hibbett and Courir
JD Sports has revealed that it expects its FY26 profit-before-tax to be in line with analysts expectations at £920m, but has warned that the year will be “challenging” due to market volatility and tariffs.
The retailer also expects its total revenue to grow around 10% due to the impact of the acquisitions made during FY25.
This comes after the company saw its group like-for-like sales rise 0.3% in the 13 weeks ended 1 February, driven by strong growth in Europe.
Its LFL revenue growth for the full year was also 0.3% in line with previous guidance and driven by strong growth from North America, Europe and Asia Pacific.
JD’s total number of stores at the year end was 4,850, up 1,533 from the start of the year, including 1,485 stores acquired through Hibbett and Courir.
As a result of this performance in the period, the company expects its profit before tax and adjusting items for the 52 weeks to 1 February 2025 to be in line with its January guidance range of £915-935m.
Régis Schultz, CEO of JD Sports Fashion Plc, said: “JD operates within an attractive, long-term growth market and we are well positioned to continue growing market share. We have strong brand partner relationships and an agile, multi-brand model which allows us to drive, and respond quickly to, market trends. We are highly cash generative and disciplined in terms of our capital allocation opportunities.
“Reflecting slower market growth and the investments we have made in our supply chain and infrastructure, we are updating our medium-term plans to capitalise on our organic growth opportunities in North America and Europe, deliver productivity and efficiency benefits from the investments and utilise our strong cash generation to deliver improved returns for our shareholders.”
