JD Sports warns on profits due to Iran war, weak consumer spending

(Sharecast News) - JD Sports Fashion warned current-year profits would be lower as it continued to wrestle with muted market growth due to a weaker spending outlook for consumers, the Iran war and product cycle changes at its major footwear partners.

The company widened full-year earnings guidance to £750m - £850m, lower than fiscal 2026's profit before tax and adjusting items of £852m, down 7.7% year on year.

It added that although the retail chain had no direct exposure in the Middle East, "we continue to closely monitor the evolving situation and its potential impact on the consumer and our business if the crisis is prolonged".

Like for like sales in the first quarter to April 25 fell 2.3%.

Reporting by Frank Prenesti for Sharecast.com

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