JD Sports Warns Annual Profit to Fall as Iran War Weighs

JD Sports warns annual profit to fall as Iran war weighs

JD Sports issues warning for shoppers using its UK stores

The retail chain said uncertainty about the geopolitical situation could weigh on its profits in the year ahead.

JD Sports cautions that Iran war could weigh on profits and push up prices

The retail chain said uncertainty about the geopolitical situation could weigh on its profits in the year ahead.

JD Sports warns Middle East conflict could hit profits and drive up prices

JD Sports has warned that geopolitical uncertainty in the Middle East could weigh on profits, push up costs and weaken consumer demand, as the retail giant reported a fall in annual earnings. The sportswear retailer said it had seen no material impact on the business so far and had “no direct exposure” to the Middle East, with only a small number of franchised stores in the region. However, JD Sports cautioned that prolonged uncertainty could cr…

JD Sports warns of ‘muted growth’ amid weak consumer spending

JD Sports has seen profit fall as the sportswear retailer warned it is preparing for a period of “muted” growth amid weak consumer spending and potential Iran war cost pressures. Pre-tax profit at the FTSE 100 firm fell by 12 per cent to £629m in the year to January, even as sales rose by 12 per cent to £12.7bn. The sportswear retailer was thrown into boardroom chaos last month, when chair Andy Higginson quit after reportedly failing to convince…