Jd Sports Fashion Share Discussion Threads

[chriss911911] 28/3/2024 07:52

I will stick with "Hopes of UK exit from recession boosted as GDP rises in January
Monthly increase of 0.2% after surge in high street and online spending offers relief for government"

The market will make it's own mind up today.

[alotto] 28/3/2024 07:50

Essentially no growth in 2025-25.

[gripfit] 28/3/2024 07:49

U.K. in recession … will certainly put dampners on any positive spin..

[gripfit] 28/3/2024 07:37

On line down….

[careful] 28/3/2024 07:36

RR do not make cars these days.

jdw update is good.

[chriss911911] 28/3/2024 07:34

gripfit, on the other hand the market likes, "JD Sports has maintained its full-year profit guidance and hailed its “good strategic process” during the year as sales edged up."
"
The sports giant posted a 3.6% increase in total sales to £10.5bn for the 53 weeks to February 3, 2024, while like-for-like and organic sales growth were up 4.2% and 8.4% respectively during the year."

for me will rise today for these reasons.

[covid 19 deal] 28/3/2024 07:34

I thought this company was making loss...fvuk

[chriss911911] 28/3/2024 07:26

If I were management, I would not accept 10x, for a position, with growth, market share, more like 15x would be fair, no idea why so low now, crazy cheap UK market.
Doubt the ultra low valuation lasts, and an interest rate cut will affect valuations disproportionately in stocks like this, IMO, so could well go even more, not really anything like the risk of RR, but for some reason, people prefer to over pay for posh cars.

[gripfit] 28/3/2024 07:20

Mkt doesn’t usually like “ in line”…

[covid 19 deal] 28/3/2024 07:18

I hope my short stop loss at 139p ...dont get eaten up

[hamhamham1] 28/3/2024 07:15

If PBT is approaching £1bn, the market cap here should be well over £10bn IMO,
Happy to hold these ;)

[chriss911911] 28/3/2024 07:11

So, the market has miss judged it again, I just love it when a plan comes together, got to be an up day again, and probably by some distance.

[hamhamham1] 28/3/2024 07:10

This will be back 150p+ v soon IMO....

28 March 2024
JD SPORTS FASHION PLC
FY24 TRADING UPDATE

OUTPERFORMING A CHALLENGING MARKET

JD Sports Fashion Plc (the 'Group'), the leading retailer of sports, fashion and outdoor brands, today announces an update covering both a trading outcome summary for the 53 weeks to 3 February 2024 and guidance for FY25.

Régis Schultz, CEO of JD Sports Fashion Plc, said: "In our FY24 financial year, we outperformed the sportswear market, reflecting the strength of our business. We achieved like-for-like sales growth of over 4%, organic growth of over 8% and our athleisure fascias achieved organic growth of over 10%. We made good strategic progress, opening 215 new JD stores, and focusing our effort on developing JD and enhancing EPS through taking full control of ISRG and MIG. We expect profit before tax for the year to be in line with the guided range given in January.

"Looking ahead, the current trading environment remains challenging due to less product innovation and elevated promotional activity, especially online. We anticipate trading conditions will improve as we move through the year, helped by a busy sporting summer and softer comparatives with last year. We continue to invest in our people and the infrastructure needed to deliver our long-term growth plan. I am excited about the opportunities for the JD Group going forward and our ability to deliver attractive returns to shareholders."

Highlights

· FY24 Profit before Tax and Adjusted Items (PBT) expected to be in line with the £915-935m guided range

· On a constant currency basis

o Q4 like-for-like (LFL1) sales were up 0.1% and organic2 sales were up 4.4%

o FY24 LFL sales were up 4.2% and organic sales growth was 8.4%

· Total sales grew 3.6% to £10.5bn while gross margins were 47.3%

· Opened 215 new JD stores

· Initial FY25 PBT guidance, pre-accounting adjustment, of £900-980m

· Trading in the new financial year-to-date is in line with our expectations after seven weeks

[leadersoffice] 27/3/2024 16:39

Shorting is a mugs game. So is investing on any platforms that use leverage. It's a total con

[covid 19 deal] 27/3/2024 15:56

Please dont go up

[covid 19 deal] 27/3/2024 15:55

Come on...allow ne to close my short please

[noramping] 27/3/2024 15:55

Don’t close it, we will enjoy your meltdown tomorrow

[covid 19 deal] 27/3/2024 15:54

Should i close my short???

[covid 19 deal] 27/3/2024 15:49

Whats wrong in Ukplc..even with pe ratio of 55 plus..fvuking cmc market going up non stop

[covid 19 deal] 27/3/2024 15:44

Short the fvuj out of ukplc and break its back bones

[covid 19 deal] 27/3/2024 15:42

Fvuk ukplc...short and break its backbone