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Share Price Information for AB Foods (ABF)

London Stock Exchange
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Share Price: 2,660.00
Bid: 2,655.00
Ask: 2,656.00
Change: -7.00 (-0.26%)
Spread: 1.00 (0.038%)
Open: 2,636.00
High: 2,660.00
Low: 2,636.00
Prev. Close: 2,667.00
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UK's JD Sports cautious on outlook as cost pressures weigh

Thu, 22nd Sep 2022 10:12

Shares hit 3-week low; stock top pct loser on FTSE index

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H1 profit before tax falls over 18% to 298.3 mln pounds

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Revenue for six-month period up 14% to 4.42 bln pounds

Sept 22 (Reuters) - Britain's biggest sportswear retailer JD Sports struck a cautious tone on Thursday amid concerns inflation could push up costs and as strikes at ports add to supply chain challenges.

The company's comments come amid soaring energy and other costs in Britain, with fashion retailers Primark and ASOS and online grocer Ocado Retail all warning about profits.

JD Sports Chief Financial Officer Neil Greenhalgh told Reuters that, as its products are mostly shipped from Asia, the industrial action at ports in Felixstowe and Liverpool, among others, had aggravated supply chain problems.

JD, which sells global brands including Nike, Adidas and Reebok as well as private labels such as Pink Soda and Supply & Demand, said sales in the UK, mainly online, softened in August and early September as customers were slow to take up heavier autumn products such as sweatshirts and tracksuits while the weather remained relatively warm.

Greenhalgh said cheaper private label items were likely to do better than other brands and clothing range "Technicals" was the best performer in that segment.

JD, which has over 900 stores worldwide, said sales so far in the second half of its financial year were up 8% year-on-year. It reiterated its forecast that profit for the year to Jan. 28, 2023 would be in line with the record performance a year earlier.

Shares in the FTSE 100 company fell as much as 8% to 113.95 pence, their lowest in three weeks, before paring losses to trade 4% lower as of 0830 GMT. They were still the top percentage loser on the blue-chip index.

Pretax profit fell 18% to 298.3 million pounds ($335.3 million) for the six months ended July 30, while revenue climbed 14% to 4.42 billion pounds.

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7 Nov 2023 07:11

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31 Oct 2023 16:59

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31 Oct 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 1 November 
Asos PLCFull Year Results
Aston Martin Lagonda Global Holdings PLCQ3 Results
Beximco Pharmaceuticals LtdFull Year Results
GSK PLCQ3 Results
Next PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Weir Group PLCTrading Statement
Thursday 2 November 
BT Group PLCHalf Year Results
Derwent London PLCTrading Statement
Entain PLCTrading Statement
Haleon PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Kin & Carta PLCFull Year Results
OSB Group PLCTrading Statement
Shell PLCQ3 Results
Smith & Nephew PLCQ3 Results
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
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no events scheduled 
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Kosmos Energy LtdQ3 Results
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Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
  
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