JD Sports share price: what to expect from its half-year results
The sports fashion and outdoor brand retailer will unveil its interim results on Tuesday, with investors expecting great things from a stock that that gained more than 70% in value since January.
When is JD Sports’ results date?
JD Sports will unveil its half-year results on September 10.
JD Sports’ results preview: what does the City expect?
JD Sports’ share price has performed exceptionally well this year, up 73% since January, with trading at 625p per share as of 14:40 GMT on Wednesday.
Earlier this year, RBC Capital Markets analysts began covering JD Sports and issued a outperform rating for the stock and a 725p target price.
‘We view JD Sports as one of the few UK retail success stories overseas,’ RBC analysts said in a note to investors at the end of July. ‘Our analysis suggests the market has underestimated its international expansion potential and the margin recovery opportunity for Finish Line in the US’
JD Sports gained a strong foothold in the US market by acquiring American shoe store chain Finish Line back in March in a deal valued at $560 million (£460 million).
The transformational provides JD Sports with a huge footprint in the world’s largest economy, with Finish Line boasting more than 550 stores and exclusivity for sports shoes at Macy’s department stores.
Practise trading JD Sports and other retail stocks with an IG demo account
JD Sports presses forward with global expansion
JD Sports continues to successfully expand its geographical footprint, which has helped the company see strong like-for-like sales growth both in the UK and international markets.
Overall, the retailer has opened 29 additional stores over the first half of the year, with 18 opened across Europe, five in the Asia Pacific region and six in key locations across the US.
‘We have now opened our sixth JD store in the United States after the conversion of the former Finish Line store at the Mall of America in Bloomington, Minnesota,’ JD Sports Chairman Peter Cowgill said. ‘We remain encouraged by the developments in this market to date.’
Investors will be expecting another strong showing from the retailer when it unveils its half-year results on Tuesday.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
