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JD Sports warns annual profit to fall as Iran war weighs
- On Thursday, May 7, 2026, JD Sports forecast 2026/27 pre-tax profits between £750 million and £850 million, citing muted market growth and uncertainty over the Middle East conflict's potential impact on customers and the business.
- The retail giant, which operates about 4,811 stores globally, blamed a "tough consumer backdrop" in the UK for organic sales falling 2.5%, leading to 24 store closures under a "fewer, bigger, better" strategy.
- JD revealed that its pre-tax profit declined 6.4% year-on-year to £852 million for the year ending January 31, 2026, while total organic sales for the global business increased 2.1% to £12.66 billion.
- Management warned that a prolonged Iran war could drive up energy and fuel costs across store and logistics networks, though the company noted it has no "direct exposure" to the Middle East region.
- Chief Executive Regis Schultz remains confident in the company's medium-term trajectory, emphasizing that the JD Group continues expanding its "King of Trainers" status through high-value acquisitions despite near-term headwinds.
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Major British sports brand confirms 24 store closures in latest blow to embattled high street
JD Sports Fashion has closed 24 stores across the UK over the past year as the retailer pushes ahead with plans to operate "fewer, bigger, better" locations.The sportswear giant said the closures formed part of a wider consolidation strategy focused on larger flagship-style stores rather than a reaction to financial difficulties.The company, which operates around 4,811 stores worldwide, reported annual pre-tax profits of £852million for the fina…
·London, United Kingdom
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JD Sports says Iran war could weigh on profits and increase prices
JD Sports Fashion has cautioned that the war in the Middle East could push up prices and weaken consumer demand if it leads to higher costs, as the retail giant reported a drop in its annual earnings.
·Leeds, United Kingdom
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Coverage Details
Total News Sources24
Leaning Left2Leaning Right1Center8Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
L 18%
C 73%
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