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JD Sports Fashion

July 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • JD.
  • Price:
  • 730p
JD Sports has issued a trading update for the first 18 weeks of the year. This said like-for-like sales have accelerated in the final eight weeks of the period, with retail sales growth for the period of 4.1%, compared to being 2% ahead in the first 10 weeks. JD also signalled that the sports side's performance (+5.1% like-for-like growth) has been boosted by the World Cup, whilst the French arm Chausport had also made a good start to the new year. The fashion side (-1.2% like-for-like) has also improved both its like-for-like sales and margins. Broker, Singer notes that the short-term profit driver on the sports side is Chausport, with expansion of this brand into the larger French conurbations and in addition, there are t ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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