JD Sports Fashion Reports 2.4% Sales Increase
JD Sports Fashion Reports 2.4% Sales Increase
JD Sports Fashion Reports 2.4% Sales Increase
News summary

JD Sports Fashion reported a 2.4% rise in second-quarter underlying sales, driven by strong growth in North America (+5.7%) and Europe (+3.0%), although UK sales saw a decline of 0.8%. The company opened 85 new stores and completed the acquisition of Hibbett, enhancing its presence in the US market significantly. CEO Régis Schultz noted that the overall performance was supported by the multi-brand strategy and favorable year-on-year comparisons, despite a cautious outlook due to a volatile global macro environment. JD Sports maintained its profit guidance for the year between £955 million and £1,035 million, excluding Hibbett's contributions. However, profit margins were affected by promotional investments and a decline in apparel and online sales. The company ended the period with a total of 4,506 stores worldwide, a notable increase from earlier in the year.

Story Coverage
England’s Euro 2024 run helps JD Sports net better-than-expected UK sales
JD Sports enjoys higher sales as it pursues global expansion
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Forbes
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JD Sports Shares Rise As Sales Improve In Q2, Led By North America
Bias Distribution
67% Left
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Center 33%
Coverage Details
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3
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1
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Unrated
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Last Updated
28 days ago
Bias Distribution
67% Left
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Story Coverage
England’s Euro 2024 run helps JD Sports net better-than-expected UK sales
JD Sports enjoys higher sales as it pursues global expansion
alt
Forbes
$
Center
JD Sports Shares Rise As Sales Improve In Q2, Led By North America

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