JD Sports Faces $37M Hit From U.K. Budget in Fiscal 2026 -- Market Talk

Dow Jones

01-14

0922 GMT - JD Sports faces about 30 million pounds in additional costs from the recent U.K. budget in fiscal 2026, Panmure analysts Anubhav Malhotra and Wayne Brown say. As a result, the analysts see limited scope for like-for-like profit growth by the British sportswear fashion retailer. JD Sports maintained its gross margin discipline across both stores and online by not engaging fully in promotional activity, they note. Shares are down 10.6%. (cristina.gallardo@wsj.com)

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January 14, 2025 04:22 ET (09:22 GMT)

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As a result, the analysts see limited scope for like-for-like profit growth by the British sportswear fashion retailer. JD Sports maintained its gross margin discipline across both stores and online by not engaging fully in promotional activity, they note. Shares are down 10.6%. (cristina.gallardo@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 14, 2025 04:22 ET (09:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JD","symbol_name":"京东","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503935549","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503935549","pubTimestamp":1736846520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0922 GMT - JD Sports faces about 30 million pounds in additional costs from the recent U.K. budget in fiscal 2026, Panmure analysts Anubhav Malhotra and Wayne Brown say. 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Shares are down 10.6%. (cristina.gallardo@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 14, 2025 04:22 ET (09:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}