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JD Sports

November 2017

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.

  • Epic Code:
  • JD.
  • Price:
  • 375p
Our decision to hold on to JD after its first real stumble last June looks vindicated as the shares have bounced back after strong interim results, which noted a 33% increase in pretax profit to £102.7m (Shore Capital forecast: £90.6m) on sales that rose 41% to £1,370m. Like-for-like sales growth was 3%. Crucially, management expect full year results to be at the upper end of expectations of £268m to £290m.In its core Sports Fashion side, sales rose 30% to £1,170m with underlying sales up 3% in the UK and 7% in Europe. Growth was boosted by the addition of another 40 stores, closing the period with 606 JD (and Size?) outlets globally. Although gross margin regressed 0.3% to 48.1%, it still achiev ...

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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.

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