LONDON, April 9 (Reuters) - British sportswear retailer
JD Sports on Wednesday forecast little or no profit
growth this year, even before any potential impact from U.S.
tariffs, with the trading environment in its key markets
expected to be "volatile".
Shares in JD have lost over a third of their value so
far this year on worries about consumer spending amid a downturn
in demand for Nike ( NKE ) products, which account for about 45%
of JD's sales. With just under 40% of its sales made in the
U.S., the group is also exposed to newly imposed U.S. tariffs.
JD said the outcome of the tariffs "is uncertain".
"We are in regular dialogue with our brand partners but
it is too early to comment on the potential sector impact," it
said.
JD forecast a year to February 1 2025 profit before tax
and adjusting items in line with its guidance in January of 915
million to 935 million pounds ($1.17-$1.20 billion).
For the 2025/26 year it forecast an outcome in line with
analysts' current consensus expectation of 920 million pounds.
However, it flagged that its forecast excludes any
potential impact from changes to tariffs.
($1 = 0.7803 pounds)