RE: Results7 May 2026 07:44
Proactive investors write up actually sounded positive
JD Sports Fashion PLC (LSE:JD., OTC:JDSPY) has reported stronger sales and profits roughly in line with expectations, but hiked its dividend 20% and launched a £200 million buyback as cash flow was strong despite tough trading conditions.
Revenue for the sportswear retailer rose 10.5% to £12.7 billion in the 52 weeks to end-January, helped by acquisitions. Like-for-like sales fell 2.1%, bang in line with analyst forecasts, as weakness in the UK was offset by growth elsewhere.
Footwear sales were flat, though apparel rose about 5%.
Profit before tax and adjusting items fell 7.7% to £852 million, versus the £850 million average City estimate. Statutory profit before tax dropped 12% to £629 million.
Free cash flow increased 36% to £462 million, well ahead of the £360 million consensus, with the year ending with £311 million of net cash before lease liabilities.
A dividend of 1.20p per share was proposed, up 20%, along with the new share buyback.