JD Sports reveals weaker profits as tariffs set to lift US prices

JD Sports reveals weaker profits as tariffs set to lift US prices

The company warned there is market ‘volatility’ in the face of the tariff regime launched by US President Donald Trump last month.JD Sports has ...

JD Sports sales up but profits hit by "volatile" market - InternetRetailing

Sales at JD Sports jumped 10% to £11.5bn, but UK revenues fell 3.7% to £2.7bn as the sports retailer continues to operate in “a volatile market”. In its latest results for the 52 weeks to 01 February, JD Sports’ pre-tax profits were down 11% to £715mn. When including adjusting items, pre-tax profits fell 4% to £923mn. The athleisurewear retailer said it continues to invest in infrastructure, with acquisitions of Hibbett in the US and Courir in E…

JD Sports pre-tax profits drop 4% to £923m in FY25

JD Sports has seen its pre-tax profits and adjusting items drop 4% to £923m during the year ended 1 February 2025, due largely to the group’s continued investment in infrastructure, controls and security.  Without adjusting items, profits before tax fell 11.8% to £715m during the financial year.  However, the retailer saw its revenue increase 10.2% to £11.4bn, with an organic sales growth of 5.8% and like-for-like sales growth of 0.3%.  The reta…

JD Sports profits drop despite sales hike

JD Sports posted a drop in profits as it ramped up its investment on store expansion and upgraded its technology functions. Pre-tax profits for the sporting giant fell 11% to £715m in the 52 weeks to 1 February, in part due to higher costs associated with building a cyber security function. When including adjusting items, pre-tax profits slipped 4% to £923m. Sales jumped 10% to £11.5bn, which it attributed to strong trading discipline in a promo…

JD Sports profits down despite revenue growth in 'volatile' market

Drapers JD Sports profits down despite revenue growth in ‘volatile’ market JD Sports posted a 4% drop in profit before tax and adjusting items to £923m in the year to 1 February despite a 10.2% revenue increase, as it warns on "a volatile and promotional market" ahead.The post JD Sports profits down despite revenue growth in ‘volatile’ market appeared first on Drapers.

UK’s JD Sports warns US tariffs could hit prices and demand - Regional Media News

LONDON (Reuters) – British sportswear retailer JD Sports posted a 2% fall in first-quarter underlying sales and warned that higher prices in its key U.S. market from President Donald Trump’s tariffs could hit customer demand. JD, which makes nearly 40% of its sales in the United States through its Finish Line, Shoe Palace and Hibbett brands, warned in April that profits would only grow slightly, if at all this year, even before any potential imp…