US EditionBritain's JD Sports' profit falls as US market struggles with weak demand
JD Sports' 18% sales increase was driven by acquisitions and store openings while organic sales rose 2.7%, but first-half profit fell 13.5% due to challenges in the US and UK markets.
- JD Sports reported weaker like-for-like sales and profits due to strained consumer finances, suffering a 2.5% drop in group sales to £5.94 billion over 26 weeks until August 2.
- The company experienced a decline in UK sales, attributed to store closures and tough prior-year comparisons from the Euro 2024 football tournament.
- Adjusted pre-tax profits fell by 13.5% to £351 million, aligning with guidance and expectations for the year.
- CEO Regis Schultz expressed caution about trading in the second half, emphasizing the need for operating and financial discipline in a challenging environment.
18 Articles
18 Articles
Britain's JD Sports' profit falls as US market struggles with weak demand
Britain's JD Sports Fashion reported a 13.5% fall in first-half profit on Wednesday due to weakness in its key U.S. market and stuck to its full-year guidance, though the retailer flagged ongoing caution over the trading backdrop.
JD Sports' first-half profit falls as weak US weighs
JD Sports Fashion has reported a 13.5% fall in first-half profit, hit by weakness in its key US market, and while it stuck to its full-year guidance, the sportswear retailer flagged ongoing caution over the trading backdrop.
JD Sports’ declining like-for-like sales highlight ongoing challenges in the sportswear market, says GlobalData
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Following today’s release of JD Sports’ figures for the 26 weeks ending 2 August 2025; Pippa Stephens, senior analyst at GlobalData, a leading data and analytics company, offers her view: “JD Sports’ performance remained muted in H1 FY2025/26, as while overall group revenue rose 18.0% to £5.9bn, this was dri…
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