(AOF) – On the London Stock Exchange, JD Sports climbed 9% to 126.77 pence and peaked at the top of the Footsie 100 index. The British sports clothing chain reported prospects for 2025 “less bad than expected”, notes the broker UBS. The company expects full-year pre-tax profit before adjusted items to be in line with the range of £915 million to £935 million it had reported, but down from 991 .4 million pounds sterling from the previous year.
The company presented its initial profit guidance for the 2025 financial year, which is between £900 million and £980 million, while stating that transactions since the start of the financial year are in line with its expectations after seven weeks .
Like-for-like sales growth for fiscal 2025 is expected to be between 1% and 4% and organic sales growth between 6% and 9%.
For its financial year ending at the start of February, total sales rose 3.6% to around £10.5 billion.
“We have made good progress strategically, opening 215 new JD stores and focusing our efforts on growing JD and improving earnings per share through the takeover of full control of ISRG and MIG,” he said. said general manager Regis Schultz.
“We expect trading conditions to improve as we progress through the year, helped by a busy sporting summer and softer comparisons compared to last year,” he said. he continued.
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