Company expects profit of £900m-£980m for the full year
- JD Sports maintains profit guidance of £915m-£935m for the full year
- Q4 like-for-like sales up 0.1% and organic sales up 4.4%
- FY24 LFL sales up 4.2% and organic sales growth up 8.4%
- Total sales grew 3.6% to £10.6bn
- Company expects profit of £900m-£980m for the full year
- CEO expects trading conditions to improve as the year progresses
JD Sports has reaffirmed its profit guidance of between £915m-£935m for the full year despite what it has called a “challenging market”. In Q4, its like-for-like sales were up 0.1% and organic sales were up 4.4%, while FY24 LFL sales were up 4.2% and organic sales growth was 8.4%. Overall, the retailer’s total sales grew 3.6% to £10.6bn, and it opened 215 new stores. Trading in the new financial year is as expected through seven weeks, and the company expects a profit of between £900m-£980m for the full year. CEO Régis Schultz stated that the current trading environment remains challenging due to less product innovation and elevated promotional activity, especially online. However, he anticipates trading conditions will improve as the year progresses, helped by a busy sporting summer and softer comparatives with last year. The company continues to invest in its people and infrastructure to deliver long-term growth.
Factuality Level: 8
Factuality Justification: The article provides specific details about JD Sports’ financial performance, quoting the CEO’s statements. The information is clear, relevant, and based on factual data without any obvious bias or misleading information.
Noise Level: 3
Noise Justification: The article provides relevant information about JD Sports’ financial performance, including sales growth, profit guidance, and strategic progress. It stays on topic and does not contain irrelevant or misleading information. The article supports its claims with specific data and quotes from the CEO. However, it lacks in-depth analysis, accountability of powerful people, or exploration of consequences of decisions.
Financial Relevance: Yes
Financial Markets Impacted: JD Sports
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance and guidance of JD Sports, a company in the retail industry. There is no mention of any extreme events or disruptions.
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