Member Info for peterobert

profit doubled last year

now 119.65p to buy

so should hit somewhere in that range over the next few months

In London, JD Sports surged 6.6% as it released its delayed annual results which showed the athleisure retailer booked a record performance in its recently ended financial year but warned that further growth would be held back by global volatility.

For the year ended January 29, the FTSE 100 listed firm doubled pretax profit to GBP654.7 million from GBP324.0 million the year prior. Pretax profit before exceptional items more than doubled to GBP947.2 million from GBP421.3 million.

The record profit came on revenue that grew 39% to GBP8.56 billion from GBP6.17 billion.

Alliancenews

JD Sports Fashion PLC on Wednesday released its delayed annual results which showed the athleisure retailer booked a record performance in its recently ended financial year but warned that further growth would be held back by global volatility.

For the year ended January 29, the FTSE 100 listed firm doubled pretax profit to GBP654.7 million from GBP324.0 million the year prior. Pretax profit before exceptional items more than doubled to GBP947.2 million from GBP421.3 million.

This was also more than double the company's previous record pretax profit before exceptional items of GBP438.8 million in its pre-Covid financial year ended February 1, 2020.

The record profit came on revenue that grew 39% to GBP8.56 billion from GBP6.17 billion.

JD Sports attributed the UK performance to a "strong retention of sales through digital channels" in the first quarter during store closures, and robust demand returning upon the reopening as restrictions were relaxed.

It also noted its similarly strong performance in the US benefited from "favourable trading conditions" following the second round of fiscal stimulus from the US Federal Government.

The results had been delayed in early February to allow KPMG more time to complete the audit, and for JD Sports to report on the conclusion of Footasylum divestment "with greater certainty".

The retailer reaffirmed its disappointment with the decision of the UK Competition & Markets Authority to require the divestment of footwear seller, but noted a "number of parties" have expressed interest in acquiring the business.

Alliance News

highest 255p
lowest 190p

https://www.tipranks.com/stocks/gb:jd/stock-analysis

https://www.tipranks.com/stocks/gb:ttg/forecast

https://www.tipranks.com/stocks/gb:thg/forecast

has a long way to go from 75p

https://www.tipranks.com/stocks/gb:thg/forecast

Trenners

Hope you are right.

If I had spare funds I would buy more (at current ultra-low price) but cannot currently.

Elsewhere in London, THG lost 29% after two suitors ended their pursuit of the online beauty products vendor.

Venture capital firm Candy Ventures, owned by Nick Candy, said it does not plan on making a bid for THG. It had said in May it was in the "very early stages" of considering a possible offer.

Candy's decision to not mount a firm offer follows a private equity consortium which earlier on Thursday also confirmed its interest in THG will not result in an official bid.

Belerion Capital Group confirmed that it, together with King Street Capital Management LP, does not intend to make a takeover offer for THG.

Like many am sitting on a huge paper-loss.
I still think SP is worth 250p minimum, but when will this be achieved?

Once all the dust has settled

IMHO DYOR

IMO

now 104.3 - 104.7p

also not for the faint-hearted, who do not like roller-coasters.

this is going to 300+

IMO

IMO chart heading straight for 240p before half-year results announced

DYOR

within months IMO

10.70 - 10.82p

Will we get to 11p today - hopefully
IMO

can 12p be far away?
imo