JD Sports share price: what to expect from its full-year results
The sports fashion retailer unveils its full-year results next week, with investors eager for an update on the company’s international expansion efforts and how successful it has been in integrating acquisitions.
When is JD Sports results date?
JD Sports will release its annual results on April 16 for the year ending 2 February 2019.
JD Sports results preview: what does the City expect?
The company has made significant progress with its international expansion with total sales growth for the cumulative 48-week period to 5 January 2019 up 15% across its global sports fashion stores. Furthermore, the total like for like sales growth in these stores for the same 48-week period is now more than 5% including a consistently positive like for like performance across Black Friday and the Christmas period.
JD Sports executive chairman Peter Cowgill has expressed his excitement wit the continued progress that the group has made both in terms of its performance in existing markets, but also its strong developments in the US. He and the rest of the management team are rightly confident that the business will end this fiscal year on a high and are clearly upbeat about the strength of the group’s outlook for the year ahead.
A major component in JD Sports success has been its ability to maintain a strong track-record of successfully integrating acquisitions, with the business latest being its £90 million takeover offer for rival Footasylum earlier this year. The deal will not only help JD Sports increase the number of stores the group holds but will improve the acquirer’s sourcing scale and is likely to help the group realise significant operating synergies.
JD Sports prospers despite UK retail doom and gloom
JD Sports is looking to end the year on a high after issuing a string of profit warnings last year as prolonged periods of discounting put considerable pressure on the company’s margins, helping to see its share price slashed in half over the last 12 months.
But in what has been a tough few years for retailers, JD Sports has fared far better than many of its rivals and looks set to continue its good fortune in the months ahead.
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