Daily reviews

16.04.2019

JD Sports delivers a record performance

news

The sports chain reported double-digit sales and profit growth for the 52 weeks to 2 February. Annual profit rose 15%, while full-year earnings increased by 27%.

The retailer posted a strong set of results, stocks at all-time highs

Stocks impacted: JD Sports Fashion PLC (JD)

Revenues jumped 49% to £4.7bn, boosted by a solid contribution of £957m from US acquisition Finish Line and £184m from Sports Zone. A final dividend lifted 5% to 1.44p will bring the total dividend to 1.71p per share, an increase of 4.9%. JD shares shot up by 4% to 550p, a new all-time high, in the early trading on Tuesday. The stock is up 57% in the past 12 months.

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