RE: IMO21 Jan 2026 13:36
As predicted a good solid result in terms of Trading Update from JD Sports. The key as always in retail is organic growth, and the results were strong. JD Sports should continue to rise. Management is strong, and they have a large chunk of teh North American market. Future sales and cost management signs are very positive. Expect another decent share buyback from JD Sports. World Cup on the near horizon. Plenty to play for here over the next 12-24 months.
As for BoA's analysts - they called it wrong...no surprise there.
I especially like the JD Sports statement below.
"Looking ahead, we remain confident that our agile, multi-brand, cross-category approach will enable us to outperform the market, and deliver strong cash flows and enhanced shareholder returns. For FY26, we expect full year profit before tax and adjusting items to be in line with current market expectations, and free cash flow of c.£400m, underpinned by disciplined execution and a strong balance sheet."
GLA