Updates

JD Sports Fashion - Trading at upper end of forecasts

March 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

JD is a banker for upside surprises and its recent update was no different with the company confirming profits will be “at the upper end of consensus forecasts,” which ranged from £325m-£352m. This came in spite of the “worst November on record,” mild weather and weak consumer confidence.Total Sports Fashion’s sales across the 48 weeks to end January rose 15% (excluding Finish Line and Sport Zone), while like-for-like sales rose 5% in spite of tough comparatives the year before. Gross margins were maintained and there was no reactive discounting.The Finish Line acquisition in the US is on track with sales and margins growing while five new JD stores opened in the US and encouraging results have led management to plan for 15 F ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Fuller, Smith & Turner - To return up to 125p-a-share following sale of beer business

Enquest

JD Sports (December 2020)

JD Sports (October 2020)

JD Sports Fashion (March 2020)

JD Sports Fashion - Gain to date: 217% (August 2019)

JD Sports Fashion - Likely to gain promotion to FTSE-100 (June 2019)

JD Sports Fashion - Beats forecasts again (November 2018)

JD Sports Fashion (August 2018)

JD Sports Fashion (June 2018)

JD Sports Fashion (May 2018)

JD Sports Fashion - Brokers forecast eps growth of 51% in three years (March 2018)

JD Sports (November 2017)

JD Sports Fashion - Chairman acquires 30,000 shares at 352p (August 2017)

JD Sports Fashion - Terrific 133% gain to date (June 2017)

JD Sports Fashion - To beat forecasts by up to 15%! (March 2017)

JD Sports (January 2017)

JD Sports Fashion - Shares hit new high of 1598p (November 2016)

JDâ€ˆSports Fashion - Price target lifted to 1420p (June 2016)

JD Sports Fashion - Investec upgrades forecasts by 10% (March 2016)

JD Sports (January 2016)

JD Sports Fashion - Sports retailer on track to beat low-ball forecasts (November 2015)

JD Sports - Shares hit Â£8 for first time (August 2010)

JD Sports (May 2010)

JD Sports (February 2010)

JD Sports (November 2009)

JD Sports - Gain since tip: 103% (June 2009)

JD Sports - Positive update triggers share breakout (March 2009)

JD Sports - Ridiculously low PE of 3.3 belies strong trading and large cash pile (February 2009)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X