Stock Groups

JD Sports upbeat on profit as consumers spend more during holidays -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: A line of people passes a JD Sports Store in London, Britain on April 11, 2017. REUTERS/Neil Hall/File Photo

(Reuters] – JD(NASDAQ:) Sports Fashion has raised its full year profit forecast in advance of the market. This was due to robust demand over Black Friday and Christmas and increased apparel spending by U.S. customers.

Britain’s largest retailer of sportswear, it sells brands like Nike Puma, Adidas (OTC :), and NYSE: (NYSE:) anticipate headline pretax profit at least 875 million Pounds ($1.19 Billion) for the fiscal year that ends Jan. 29, which is higher than current market expectations (810 million Pounds).

The company had previously forecast a headline annual pretax profit of at minimum 750million pounds.

($1 = 0.7336 pounds)

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]