JD Sports Fashion said it expects to meet market expectations for the fiscal year. "JD Sports Fashion to Launch $135 Million Share Buyback, Sticks to Guidance," at 0650 GMT, incorrectly said the company maintained its guidance in the headline and text. The error also appeared in "JD Sports Fashion Shows No Clear Momentum Shift -- Market Talk," at 0820 GMT and "Market Talk Roundup: JD Sports Fashion's U.S. Underlying Sales Beat, $135 Million Buyback Lift Shares," at 0934 GMT. The correct version follows:

JD Sports Fashion plans to launch a new 100 million-pound ($134.8 million) share buyback program despite a decline in second-quarter like-for-like sales and said it expects to meet market expectations for the fiscal year as it continues to assess potential impacts from U.S. tariffs.

The London-listed sneaker and fashion retailer said Wednesday that group sales for its second quarter fell 3% on a like-for-like basis but grew 2.2% on organic basis to 3.11 billion pounds.

In North America, sales in the 13 weeks to Aug. 2 fell by 2.3% on a like-for-like basis, but grew 4.8% organically. In Europe, like-for-like sales fell 1.1%, while organic sales grew 5.4%. In the U.K. both like-for-like and organic sales declined, by 6.1% and 4.5%, respectively.

"In general we see a resilient consumer, albeit very selective on their purchases. We therefore remain cautious on the trading environment going into second half," Chief Executive Regis Schultz said.

JD Sports said it expects adjusted pretax profit--the company's preferred metric, which strips out exceptional and other one-off items--to be in line with current market expectations. Company-compiled consensus forecasts adjusted pretax profit for the year at 885 million pounds, within a range of 852 million to 915 million pounds.

(END) Dow Jones Newswires

August 27, 2025 07:21 ET (11:21 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.