Jd Sports Fashion Share Discussion Threads

[thomstar] 31/5/2024 09:35

Got a feeling we are in for blue finish

[hericsaba] 31/5/2024 09:10

Bottomed at 117p, perfect point to bargain fishing. Good luck for the brave buyers!

[tonybaloni] 31/5/2024 09:07

Almost a days volume in an hour

[noramping] 31/5/2024 09:07

Possibly this bit?

Q125 Trading Update
Trading in the 13 weeks to 4 May 2024 was in line with our expectations. LFL sales* were down 0.7% against a strong comparative of 14.5% in Q1 last year and organic sales growth* was 4.9% against a comparative of 19.7% in Q1 last year. Promotional activity in the market remained elevated in Q125 across all regions. Regionally, we achieved LFL sales growth* in both Europe and North America with Asia Pacific down 0.1% (against a 22.5% comparative). In the UK, our continued promotional discipline, particularly in the online channel, and a tough comparative from Q1 last year, led to LFL sales* being, down 6.4%. The UK therefore held back the JD fascia overall, although LFL sales growth* was achieved in our complementary fascias in North America and in our Sporting Goods fascias.

Organically, reflecting the strength of our JD store rollout programme, both Europe and North America achieved double-digit organic sales growth* with Asia Pacific delivering high single-digit growth.

Q125
LFL sales growth*
Organic sales growth*
1UK
(6.4)%
(5.8)%
1Europe
1.6%
10.8%
North America
2.0%
8.2%
Asia Pacific
(0.1)%
10.1%
Group
(0.7)%
4.9%

[chris cat] 31/5/2024 09:06

Decent results, Olympics and Euros coming up surely should help us?

[alotto] 31/5/2024 08:57

I think investors are spooked by a number of factors, one is the net closure of 70 something stores, whereas the strategy that was set out a year ago or so was to open a large number of stores in 5 years (I don't remember how many, 1000 perhaps?).

[tonybaloni] 31/5/2024 08:46

It'll be on the biggest fallers board at this rate. I should have followed my gut and jumped yesterday, hey ho

[alotto] 31/5/2024 08:38

undervaluedassets I think the problem is that we seem to have past the growth phase. We have been hovering around the £1 billion PBT for quite some time and international markets are very tough.
For a retailer a PE of 14-16 is reasonable, certainly not a PE of 30. So either JD pushes profit much higher or the share price will stagnate.

[undervaluedassets] 31/5/2024 08:20

pe of circa 12 down from 30 in 2020 (pre-pandemic)

operating profit growth over 4 years circa 30% annualized.

adding stores and growing everywhere.

Am in Bilbao on hold and a tram has just driven past me exclusively painted as a JD Advertising hoarding.

What is not to like?

This is day one of the market digesting these results..

veremos

[wad collector] 31/5/2024 08:10

Hmm, maybe those numbers are not quite as good as the Market expected.

[bartyb] 31/5/2024 08:03

in auction?

[rachael777] 30/5/2024 13:09

Footlocker sound very upbeat in US today - should make jd results tomorrow an interesting read

[alphabeta4] 29/5/2024 12:43

FWIW I suspect flagging in line is because they want to flag there is nothing untoward with the numbers.
As for the delay this will be the first quarterly reporting and may have taken a little more work than expected. Ever since Covid auditors have been more cautious on sign-off until totally happy.

[disc0dave46] 28/5/2024 19:29

Agree not a good impression delaying results. I'm also a bit baffled as to the comment that the Board expects results to be in line!- perhaps semantics but why with only 2 days until resujts are they uncertain about being in line or not, no need to even mention it IMO.The positive write up in the Times has clearly given it a kick despite the delay.

[chris cat] 28/5/2024 16:21

Agreed, but it sounds like a minor issue given that they have stated in line, certainly seems to have taken away any market nervousness given we are up c5% today on a sizable down day in the general market

[alotto] 28/5/2024 15:09

It is not flattering for a company in the Footsie to be unable to stick to dates.
They waited long to give a date and less than a week later it slips to a later date

[alotto] 28/5/2024 15:06

Last sentence of the RNS
JD Sports Fashion Plc (the 'Group'), the leading retailer of sports, fashion and outdoor brands, today confirms it now intends to issue its full year results for the 53 weeks to 3 February 2024 on Friday, 31 May 2024, two days later than its previous planned date of 29 May 2024. The Group's Board confirms that it expects the results to be in line with the guidance provided in its FY24 Trading Update on 28 March 2024.

[chris cat] 28/5/2024 14:59

Alotto......I have just seen the RNS changing the date and noting in line with estimates

[chris cat] 28/5/2024 14:16

Hi alotto...Times reports....Headline JD Sports Fashion offers ‘solid value’ then in the article :-

"JD Sports Fashion’s annual results tomorrow are expected to show that like-for-like sales rose by 4.2 per cent and analysts at Peel Hunt are forecasting a fall in profit before tax of 7.2 per cent, from £991 million to £920 million. The company has suggested a maximum profit before tax of £935 million.

The market will be looking out, too, for any indication of trends in trading amid general concerns about the health of retailers selling discretionary items. JD Sports issued a profit warning in January, saying that consumers were being “more cautious” with their spending.

Peel Hunt’s analysts said it was unlikely that the group would announce profits lower than its forecast range and argued that its shares were “very cheap” at their present level of about 121p, given that the company had “solid medium and long-term value”. They have given the stock a “buy” rating, with a target price of 250p."

[alotto] 28/5/2024 13:51

Chris there is no tomorrow. Results are delayed and will be in line with pre announced results back in March.

[chris cat] 28/5/2024 13:18

Per The Times today .... Peel Hunt with a £2.50 Price Target. They must be banking on decent results tomorrow

[rachael777] 28/5/2024 12:15

Price seems very perky for results that have been flagged up as in line with expectations ?

[disc0dave46] 20/5/2024 09:41

Thanks, fair point.

[noramping] 16/5/2024 16:46

Disco, likely:

Basic earnings per ordinary share 2.76p 7.17p
Adjusted earnings per ordinary share* 13.39p 12.84p

They likely used the basic rather than adjusted

[disc0dave46] 16/5/2024 14:42

I'll take it back!Don't know how they get that.