JD Sports’ like-for-like sales fell by 1.8% in the nine weeks to 3 January, which was slightly better than market forecasts. Sales growth in North America and Asia Pacific was more than offset by declines in the UK and Europe.
Full-year underlying pre-tax profits are expected to land at around £849mn (2025: £923mn). Free cash flows are expected to be around £400mn.
In 2027, the group expects a period of “muted market growth”, partly due to a weak spending outlook for its core customers. However, the group expects to generate “significant free cash flow” helped by disciplined financial management.
The shares rose 2.3% in early trading.
Our view
HL view to follow.
JD Sports key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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