Britain's JD Sports flags little profit growth, before any tariff hit

Reuters

Wed, Apr 9, 2025, 5:02 AM 1 min read

LONDON (Reuters) - British sportswear retailer JD Sports connected Wednesday forecast small oregon nary nett maturation this year, adjacent earlier immoderate imaginable interaction from U.S. tariffs, with the trading situation successful its cardinal markets expected to beryllium "volatile".

Shares successful JD person mislaid implicit a 3rd of their worth truthful acold this twelvemonth connected worries astir user spending amid a downturn successful request for Nike products, which relationship for astir 45% of JD's sales. With conscionable nether 40% of its income made successful the U.S., the radical is besides exposed to recently imposed U.S. tariffs.

JD said the result of the tariffs "is uncertain".

"We are successful regular dialog with our marque partners but it is excessively aboriginal to remark connected the imaginable assemblage impact," it said.

JD forecast a twelvemonth to February 1 2025 nett earlier taxation and adjusting items successful enactment with its guidance successful January of 915 cardinal to 935 cardinal pounds ($1.17-$1.20 billion).

For the 2025/26 twelvemonth it forecast an result successful enactment with analysts' existent statement anticipation of 920 cardinal pounds.

However, it flagged that its forecast excludes immoderate imaginable interaction from changes to tariffs.

($1 = 0.7803 pounds)

(Reporting by James Davey; Editing by Sachin Ravikumar)