JD Sports Fashion (JD.)

Sector:

Retailers

Index:

FTSE 100

134.50p
   
  • Change Today:
      18.20p
  • 52 Week High: 177.75
  • 52 Week Low: 104.00
  • Currency: UK Pounds
  • Shares Issued: 5,183m
  • Volume: 55,138,272
  • Market Cap: £6,971m
  • RiskGrade: 210

JD Sports profit soars on US strength and pent-up demand

By Sean Farrell

Date: Monday 27 Jun 2022

LONDON (ShareCast) - (Sharecast News) - JD Sports Fashion reported record first-half results boosted by pent-up demand after UK stores reopened from lockdown and acquisitions in the US.
Pretax profit before exceptional items jumped to £439.5m in the six months to the end of July from £61.9m a year earlier as revenue rose to £3.89bn from £2.54bn.

JD said it expected annual headline pretax profit for the full year to be at least £750m. The FTSE 100 retailer declared no interim dividend but said the final dividend could be larger depending on potential trading restrictions.

Pretax profit before exceptionals at the core JD business in the UK and Ireland rose to £170.8m from £52m a year earlier and £115m in the first half of 2019 as customers shopped online during lockdowns and spent more once stores reopened. Profit in the US rose to £245m from £73.4m a year earlier supported by £73m from the acquisitions of Shoe Palace and DTLR and the Biden administration's fiscal stimulus measures.

Chairman Peter Cowgill said: "The group continues to demonstrate outstanding resilience in the face of numerous challenges arising from the continued prevalence of the Covid-19 pandemic in many countries, widespread strain on international logistics and other supply chain challenges, materially lower levels of footfall into stores in many countries after reopening and the ongoing administrative and cost consequences resulting from the loss of tariff free, frictionless trade with the European Union."

Trading in the first few weeks of the second half has been generally encouraging though retail footfall is comparatively weak in many countries, JD said.

JD shares rose 7.7% to £11.30 at 08:46 BST and were the biggest gainers in the FTSE 100 index. The shares have gained 38% in 2021.

"JD Sports reports an impressive set of interim results this morning," Shore Capital said. "Today's short statement should reassure investors that the group remains on track as it delivers a year of good growth in revenues and earnings."

Updated fourth paragraph to show figures referred to UK and Ireland.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JD. Market Data

Currency UK Pounds
Share Price 134.50p
Change Today 18.20p
% Change 15.65 %
52 Week High 177.75
52 Week Low 104.00
Volume 55,138,272
Shares Issued 5,183m
Market Cap £6,971m
RiskGrade 210

JD. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.64% below the market average61.64% below the market average61.64% below the market average61.64% below the market average61.64% below the market average
52.63% below the sector average52.63% below the sector average52.63% below the sector average52.63% below the sector average52.63% below the sector average
Price Trend
25.6% below the market average25.6% below the market average25.6% below the market average25.6% below the market average25.6% below the market average
17.07% below the sector average17.07% below the sector average17.07% below the sector average17.07% below the sector average17.07% below the sector average
Income
58.39% below the market average58.39% below the market average58.39% below the market average58.39% below the market average58.39% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Growth
0.21% above the market average0.21% above the market average0.21% above the market average0.21% above the market average0.21% above the market average
30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 3
Sell 1
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JD. Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Dec-23 06-Jul-23
Paid 05-Jan-24 04-Aug-23
Amount 0.30p 0.67p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 4,335 @ 134.50p
16:35 6,621 @ 134.50p
16:35 19,585,570 @ 134.50p
16:35 2 @ 134.50p
16:35 40,017 @ 134.50p

JD. Key Personnel

CEO Regis Schultz
CFO Dominic Platt

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