Updates

JD Sports - Sports fashion side sees +10% like-for-like sales for second year running

May 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

JD is one of the few retailers with a share price to hit new highs this month. Causing the latest spurt was results for the year to 30 January. Sales were up 20% at £1.82bn. The Sports Fashion side made all the running with like-for-like sales growth in excess of 10% for a second consecutive year. An exceptional performance by any standards and clearly most of this is down to the buoyant market for footwear such as Adidas Originals as well as the athleisure clothing trend. A mouthwatering 49% gross margin (despite the weaker euro) on a fixed cost base saw all those additional sales fall quickly to the bottom line with the pretax profit before exceptionals relating to the IT impairment previously disclosed up 45% to £131.6m fo ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Victoria

Watkin Jones - Bumper results expected on 9 June from university blocks builder

JD Sports Fashion - Forecast £100m higher than projected 18 months ago (February 2017)

JD Sports Fashion (January 2017)

JD Sports - Cash pile climbs from £100m to Â£232m (October 2016)

JD Sports Fashion - Another 10% upgrade to forecasts (February 2016)

JD Sports Fashion - Consistently good performer (January 2016)

JD Sports - Gain since tip: 578% (February 2014)

JD Sports Fashion (December 2012)

JD sports Fashion - Sells Canterbury sports brand for Â£22.7m (September 2012)

JD sports Fashion (August 2012)

JD Sports - Analysts see scope for eps rise to 150p next year (February 2012)

JD Sports (December 2011)

JD Sports (August 2011)

JD Sports (May 2011)

JD Sports - Mulling a bid for JJB Sports (February 2011)

JD Sports (December 2010)

JD Sports Fashion (July 2010)

JD Sports - +227% gain since original tip (May 2010)

JD Sports Fashion - Cash forecast to rise to Â£35m by year end (January 2010)

JD Sports (November 2009)

JD Sports - Up by 350p since Jan tip (October 2009)

JD Sports Fashion - Buys the iconic Canterbury rugby brand (September 2009)

JD Sports Fashion - Looks 50% undervalued compared to peers (August 2009)

JD Sports - Fashion retailer and brand owner on PE of 3.5 (January 2009)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X