JD Sports Fashion lowered its full-year profit guidance after a weaker-than-expected second quarter, with like-for-like sales falling 3.1%, notably down 6.8% in North America. Analysts from UBS and Shore Capital responded cautiously, maintaining neutral and hold ratings but cutting profit forecasts by around 9%-10%. Despite the downgrade, free cash flow guidance and shareholder returns remain steady, and the UK market showed slight growth. The shares fell nearly 15% following the announcement, reflecting concerns over market softness and potential share loss in North America.
The FTSE 100 index fell by 26 points to 10,717, weighed down by an 11% drop in JD Sports shares following a profit warning. Meanwhile, Bitcoin surged nearly 8% to around $69,500, its highest since June, driven by a White House meeting with crypto exe...
JD Sports Fashion has lowered its profit guidance for fiscal year 2027 due to weaker-than-expected trading in the second quarter. The company now expects profit before tax and adjusting items between £700 million and £800 million, down from the previ...
