"We delivered organic sales growth of 2.7 per cent in H1, in what remains a tough trading environment."
"This demonstrates the resilience of our business, underpinned by our agile multi-brand model, broad geographic reach and unmatched connection with customers."
"Overall, sales don't tell the true story here, with total revenue rising by a seemingly impressive 20% in the period. But this growth was fuelled entirely by the acquisitions of Hibbett in the US and Courir in France last year, which are helping to flatter current performance. Whilst we remain cautious on the trading environment for the second half, we expect limited impact from US tariffs this financial year, and our full-year profit before tax and adjusting items to be in line with current market expectations."
JD Sports closed 13 shops across the UK, reducing its estate from 412 stores after closing the Dagenham Heathway Shopping Centre outlet on 6 September. In the 26 weeks to 2 August, group sales fell 2.5% to £5.94bn while adjusted pre-tax profit declined 13.5% to £351m. Regis Schultz reported organic sales growth of 2.7% in H1 and described the business as resilient with an agile multi-brand model and broad geographic reach. Recent acquisitions of Hibbett (US) and Courir (France) lifted total revenue by about 20% but an analyst warned this growth flattered performance. Management expects limited impact from US tariffs and sees an uncertain trading backdrop for H2.
Read at London Business News | Londonlovesbusiness.com
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