JD Sports (LSE: JD) is aiming to stay on the front foot in the second half of the year following a strong second quarter. Sales rose 8.3% organically, with growth in all regions, and North America leading the way with a 13.7% increase.
Despite solid momentum and structural growth opportunities in the sports apparel market, JD Sports remains cautious about the outlook for the remainder of the year. The recent acquisition of Hibbett, which adds 1,179 stores to its North American portfolio, is a key focus, and next week’s half-year results will provide insight into how the integration is progressing.
Full-year guidance remains on track, with management expecting pre-tax profits in the range of £955-1,035 million, excluding the impact of the Hibbett acquisition.
The company’s shares are down 5% year to date.
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