JD Sports expects its 2024 profit before tax to meet estimates, leading to a rise in shares. The company's positive update is attributed to the changing dynamic in sports retail with new brands like ON running and Hoka gaining share, and Adidas rebounding. Despite challenges from poor sentiment towards Nike, JD Sports remains optimistic about sales growth and potential rebound.
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$JD.L #JDSports FY-24 trading update & initial FY-25 guidance: https://t.co/CUkTuNz7XN #JD closed up +15.7%: https://t.co/IlGzkJdOnV https://t.co/qjkWEl5dGD
Positive update from JD sports today. $JD.L #JD Challenging backdrop and poor sentiment from $NIKE has beaten the share price down over the last few months. But, the dynamic for sports retail is changing. New brands ON running and Hoka are taking share, Adidas is rebounding…
JD Sports expects 2024 profit before tax to meet estimates, shares rise https://t.co/U859dkYmSu https://t.co/a76CnoKIbh