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JD Sports Fashion PLC (JD.L)

JD.L on London Stock Exchange

768.40GBp
14 Oct 2019
Change (% chg)

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768.40
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1,694,749
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770.00
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318.50

Latest Key Developments (Source: Significant Developments)

UK's Competition And Markets Authority extends JD Sports, Footasylum merger probe
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - :UK'S COMPETITION AND MARKETS AUTHORITY SAYS REFERS MERGER OF JD SPORTS AND FOOTASYLUM FOR A PHASE 2 INVESTIGATION.  Full Article

JD Sports HY Profit Rises, Plans Warehouse In Belgium To Cut Brexit Risk
Tuesday, 10 Sep 2019 

Sept 10 (Reuters) - JD Sports Fashion PLC ::H1 PRETAX PROFIT ROSE 6.6 PERCENT TO 129.9 MILLION STG.H1 REVENUE ROSE 47 PERCENT TO 2.721 BILLION STG.INTERIM DIVIDEND PAYABLE PER ORDINARY SHARE OF 0.28P.NOTWITHSTANDING UNCERTAINTY OF BREXIT, CONFIDENT GROUP WOULD HAVE BEEN ON TRACK TO DELIVER HEADLINE FY PBT AT TOP END OF MARKET EXPECTATIONS.AFTER ADJUSTING FOR IMPACT OF TRANSITION TO IFRS 16, WOULD EXPECT TO DELIVER RESULTS AT MID-POINT OF EXPECTATIONS FOR FY."WE ARE PLEASED BY CONTINUED POSITIVE TRENDS TO DATE IN SECOND HALF IN SPORTS FASHION WHILST RECOGNISING TOUGHER COMPARATIVES AHEAD".AFTER ADJUSTING FOR IMPACT OF TRANSITION TO IFRS 16, CO EXPECTS TO DELIVER RESULTS AT MID-POINT OF EXPECTATIONS FOR FY.HY HAS BEEN ANOTHER CHALLENGING PERIOD FOR CO'S OUTDOOR BUSINESSES OVERALL.COMPLYING, ASSISTING WITH CMA PROCESS FOR FOOTASYLUM DEAL THAT IT CAN BE COMPLETED IN TIMELY AND EFFICIENT MANNER.NOW EXPECT THAT CAPITAL EXPENDITURE FOR FULL YEAR WILL BE IN RANGE OF £175 MILLION TO £200 MILLION.HY HAS BEEN ANOTHER CHALLENGING PERIOD FOR OUTDOOR BUSINESSES.JD SPORTS - AWARE OF INCREASED RISK OF "DISORDERLY BREXIT" WHICH COULD HAVE POTENTIAL CONSEQUENCES ON SUPPLY CHAINS, TARIFFS, CONSUMER DEMAND.ALWAYS EXPECTED THAT A EUROPEAN WAREHOUSE WOULD BE REQUIRED SOMETIME AFTER 2021 WITH RISKS ASSOCIATED WITH BREXIT.WORKING WITH LOGISTICS PARTNERS TO SECURE AN INITIAL 80,000 SQFT OF SPACE AT A FACILITY IN BELGIUM.FACILITY IN BELGIUM WOULD BE AVAILABLE FOR USE IN EARLY 2020.  Full Article

JD Sports Says FY Headline Group Pretax Profit To Be At Upper End Of Published Market Expectations
Monday, 14 Jan 2019 

Jan 14 (Reuters) - JD Sports Fashion PLC ::CONFIDENT THAT HEADLINE GROUP PROFIT BEFORE TAX FOR YEAR ENDED 2 FEBRUARY 2019 WILL BE AT UPPER END OF PUBLISHED MARKET EXPECTATIONS.GROUP PROFIT BEFORE TAX FOR YEAR ENDED 2 FEBRUARY 2019 WILL BE AT UPPER END OF PUBLISHED MARKET EXPECTATIONS.TOTAL SALES GROWTH FOR 48-WEEK PERIOD TO 5 JANUARY OF 15% ACROSS GLOBAL SPORTS FASHION FASCIAS EX RECENT FINISH LNE DEAL AND SPORTS ZONE.LIKE FOR LIKE SALES GROWTH FOR 48-WEEK PERIOD IS MORE THAN 5%, POSITIVE L-F-L PERFORMANCE ACROSS BLACK FRIDAY & CHRISTMAS PERIOD.  Full Article

JD Sports Posts HY Pre-tax Profit 121.9 Mln Pounds Vs 102.7 Mln Pounds
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - JD Sports Fashion Plc ::HALF-YEAR REPORT.SALES TO DATE IN SECOND HALF HAVE CONTINUED AT SIMILAR LEVELS TO THOSE IN FIRST HALF.HY REVENUE 1,846.3 MILLION POUNDS VERSUS 1,367.2 MILLION POUNDS.HY PROFIT BEFORE TAX 121.9 MILLION POUNDS VERSUS 102.7 MILLION POUNDS.PROFITABILITY IN UK AND IRELAND SPORTS FASCIAS HAS BEEN FURTHER ENHANCED.INCREASE IN HY OPERATING PROFIT INCLUDES CONTRIBUTION OF £4.8 MILLION FROM FINISH LINE IN SEVEN WEEK PERIOD POST ACQUISITION.REMAIN CONFIDENT TO DELIVER OUTTURN IN LINE WITH MARKET EXPECTATIONS INCLUDES PART YEAR FROM FINISH LINE, RANGE FROM £337 MILLION-£345 MILLION.POSITIONED TO DELIVER OUTTURN IN LINE WITH CURRENT MARKET EXPECTATIONS WHICH RANGE FROM £337 MILLION TO £345 MILLION.OUTDOOR FASCIAS HAVE HAD A DIFFICULT FIRST HALF OVERALL.TOTAL LIKE FOR LIKE SALES GROWTH OF MORE THAN 3 PCT IN HY.WILL USE CASH RESOURCES AND NEW SYNDICATED BANK FACILITY TO MAKE SELECTED ACQUISITIONS AND INVESTMENTS.CURRENTLY EXPECT CAPITAL EXPENDITURE FOR FULL YEAR TO BE APPROXIMATELY £185 MILLION.  Full Article

European Commission clears JD Sports Fashion, Sport Zone acquisition
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Jd Sports Fashion Plc ::‍FURTHER TO ANNOUNCEMENT MADE ON 14 SEPTEMBER 2017, JD SPORTS FASHION PLC ('JD') ANNOUNCES THAT IT HAS RECEIVED UNCONDITIONAL CLEARANCE FROM EUROPEAN COMMISSION FOR COMBINATION OF ITS EXISTING INTERESTS ACROSS IBERIA WITH THOSE OF SPORT ZONE IN PORTUGAL, SPAIN AND CANARY ISLANDS​.‍"WE ARE DELIGHTED THAT THIS TRANSACTION, WHICH GIVES US A SIGNIFICANTLY ENHANCED PRESENCE ACROSS IBERIA, HAS NOW FORMALLY COMPLETED," EXECUTIVE CHAIRMAN OF JD SPORTS, PETER COWGILL, SAID. ​.  Full Article

JD Sports Fashion Says Confident That FY Pretax Profit Will Reach 300 Mln Stg
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Jd Sports Fashion Plc ::JD SPORTS FASHION - ‍POSITIVE LEVELS OF PERFORMANCE ANNOUNCED IN INTERIM RESULTS STATEMENT HAVE CONTINUED THROUGH SECOND HALF, INCLUDING KEY CHRISTMAS PERIOD​.JD SPORTS - ‍LIKE FOR LIKE STORE SALES IN H2 TO DATE ACROSS GROUP'S COMBINED SPORTS AND OUTDOOR FASCIAS, INCLUDING THOSE IN EUROPE, HAVE BEEN MAINTAINED ABOUT 3%​.‍CONFIDENT THAT HEADLINE GROUP PROFIT BEFORE TAX FOR YEAR ENDED 3 FEBRUARY 2018 WILL REACH AROUND £300M​.  Full Article

UPDATE 1-JD Sports' Footasylum deal faces more criticism from Britain's competition watchdog

Oct 1 Britain's competition watchdog on Tuesday said it believes JD Sports Fashion's acquisition of smaller rival Footasylum may stem market competition and has referred the deal to an in-depth investigation.