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JD Sports' H1 profit slightly beats forecasts despite North America weakness, Deutsche Bank keeps 'hold' rating.

Company Fundamentals
23 Sep 2026
Proactive Investors
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Neutral
JD Sports' H1 profit slightly beats forecasts despite North America weakness, Deutsche Bank keeps 'hold' rating.

JD Sports reported a modest first-half profit before tax of £282 million, slightly above the £279 million forecast, despite a 19.7% year-on-year decline. Revenue fell 0.7% to £5.90 billion, while gross margin improved slightly, offsetting weaker North American results where operating profit dropped 32%. The company maintained its full-year profit guidance of £700-800 million and free cash flow target of £460-520 million. Deutsche Bank views the results as broadly in line and retains a 'hold' rating with a 95p price target, expecting minimal changes to consensus estimates.

JD Sports' first-half profit slightly exceeded forecasts despite a revenue decline. For readers following the Consumer Cyclical sector, here is Pluang's market snapshot as of Sep 23, 2026 14:13 WIB: out of 111 US stocks, 78 rose and 27 fell. Notable movers include SFIX at USD 3.35 with a 17.54% increase, CPRI at USD 15.31 up 6.99%, and GLBE at USD 41.73 rising 5.14%.

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