financetom
Business
financetom
/
Business
/
Britain's JD Sports flags little profit growth, before any tariff hit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Britain's JD Sports flags little profit growth, before any tariff hit
Apr 9, 2025 4:56 AM

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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved