Tag: $JD Sports

British sportswear retailer JD Sports Fashion downgraded its profit forecast after weaker trading in Britain and the United States and promotional activity at competitors hurt sales, and it warned the outlook was “cautious”.

JD Sports Fashion Plc has revised its profit guidance for the full year, warning investors to expect earnings at the lower end of its previously forecast range of £955 million to £1,035 million, sending its shares tumbling by over 13%.

UK sportswear retailer’s quarterly results boosted by the opening of 85 stores this year

JD Sports shares fell 7% on Friday after the sportswear seller just managed to hit the bottom end of its already-lowered profit guidance for the full-year 2024 and fell short of analysts expectations.