JD Sports Fashion PLC

Latest Results (24.12.2024):

Revenue Growth

In the first half of 2024, JD Sports Fashion PLC reported a revenue increase of 5.2% to £5.0 billion, compared to the same period in 2023. This growth was driven by a 6.4% organic sales increase and a 0.7% like-for-like sales growth, showcasing the company's ability to outperform the sector in a competitive market.

Profit Before Tax

JD Sports Fashion PLC's profit before tax and adjusting items for the first half of 2024 was £405.6 million, marking a 2.0% increase from the previous year. However, the statutory reported profit before tax was significantly lower at £126.3 million, primarily due to non-cash adjusting items related to recent acquisitions and operational changes.

Operating Margin

The operating margin before adjusting items for JD Sports Fashion PLC in the first half of 2024 was 9.0%, slightly up from 8.8% in the prior period. This stability in operating margin reflects the company's strong cost control measures and effective inventory management amidst a highly promotional environment.

Dividend Increase

JD Sports Fashion PLC announced a proposed interim dividend of 0.33p per share for the first half of 2024, representing a 10% increase compared to the previous year. This increase underscores the company's commitment to delivering value to its shareholders despite the challenging market conditions.

Outlook and Guidance

For the full year of 2024, JD Sports Fashion PLC has maintained its profit before tax and adjusting items guidance range of £955-1,035 million. The company anticipates continued contributions from its recent acquisition of Hibbett, Inc., despite facing currency headwinds due to the strengthening of the pound against the US Dollar and the Euro.