London · Delayed Price · Currency is GBP · Price in GBX JD Sports Fashion Earnings Call Transcripts
Fiscal Year 2026
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Sales rose 11.7% year-over-year, with strong free cash flow and a proposed 20% dividend hike. North America led growth, while FY 2027 guidance anticipates muted markets but continued cost discipline and investment in digital and store productivity.
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First half results showed 20% sales growth, driven by acquisitions and market share gains in North America and Europe, despite margin pressures and a challenging trading environment. Operating cash flow increased, and guidance for the full year remains in line with expectations.
Fiscal Year 2025
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Revenue grew 10.2% to $11.5B with strong cash flow and net cash despite major acquisitions. Gross margin held steady, and all segments saw organic growth, though North America margins dipped due to Hibbett. FY2026 guidance is cautious amid tariff and market uncertainties, with profit expected to be H2-weighted.
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Leadership outlined a refined strategy focused on organic growth, efficiency, and shareholder returns amid slower market growth. Investments in infrastructure, omnichannel, and supply chain are expected to drive future margin improvement, with a £100 million share buyback announced.
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Record December sales and strong margin discipline offset a weak November and heightened promotions. Organic revenue growth is expected at 5% for the year, with flat like-for-likes and maintained gross margins. Acquisitions and store expansion support future growth amid a cautious outlook.
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Q3 saw 5.4% organic sales growth, but like-for-like sales dipped 0.3% amid volatile trading, especially in October. Gross margin improved, store expansion continued, and full-year profit is now guided to the lower end of the range. Inventory and operational discipline remain strong.
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Record first half revenue surpassed GBP 5 billion, driven by strong growth in North America and Europe, with organic sales up 6.4%. Guidance for FY 2025 is maintained, factoring in FX headwinds and Hibbett's contribution, while ongoing investments support global expansion and omni-channel capabilities.
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Q2 delivered 2.4% like-for-like and 8.3% organic sales growth, with strong performance in North America and Europe. Gross margin dipped slightly due to a promotional apparel market, but guidance is maintained despite currency headwinds. Hibbett acquisition expands U.S. reach.