0910 GMT - JD Sports continues to face a tough market environment, with low consumer confidence in the U.K., U.S. and European Union impacting spending on clothing, Shore Capital's David Hughes and Clive Black say. Ahead of the London-listed retailer's first-half results on Sept. 24, the analysts forecast a 2% decline in like-for-like sales in fiscal 2026, but a recovery after that. For fiscal 2026, the company has guided for adjusted pre-tax profit in line with market consensus, around 885 million pounds, which the analysts say should translate into around 350 million pounds for the first half. JD Sports adopted a more realistic approach in April, after a number of downgrades to its guidance, they note. The analysts remain positive on the company's medium-term outlook. Shares are up 0.7% at 0.93 pounds. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
September 17, 2025 05:10 ET (09:10 GMT)
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