Published • loading... • Updated
JD Sports warns annual profit to fall as Iran war weighs
The retailer widened its profit outlook to £750 million-£850 million and warned higher costs and weaker demand could hit results.
- On Thursday, May 7, 2026, JD Sports forecast 2026/27 pre-tax profits between £750 million and £850 million, citing muted market growth and uncertainty over the Middle East conflict's potential impact on customers and the business.
- The retail giant, which operates about 4,811 stores globally, blamed a "tough consumer backdrop" in the UK for organic sales falling 2.5%, leading to 24 store closures under a "fewer, bigger, better" strategy.
- JD revealed that its pre-tax profit declined 6.4% year-on-year to £852 million for the year ending January 31, 2026, while total organic sales for the global business increased 2.1% to £12.66 billion.
- Management warned that a prolonged Iran war could drive up energy and fuel costs across store and logistics networks, though the company noted it has no "direct exposure" to the Middle East region.
- Chief Executive Regis Schultz remains confident in the company's medium-term trajectory, emphasizing that the JD Group continues expanding its "King of Trainers" status through high-value acquisitions despite near-term headwinds.
Insights by Ground AI
14 Articles
14 Articles
JD Sports says Iran war could weigh on profits and increase prices
JD Sports Fashion has cautioned that the war in the Middle East could push up prices and weaken consumer demand if it leads to higher costs, as the retail giant reported a drop in its annual earnings.
·Leeds, United Kingdom
Read Full Article
essexlive.newsReposted by 
Devon Live
Devon LiveJD Sports closes 24 branches amid drop in profit
JD revealed that its pre-tax profit declined by 6.4% year-on-year
·London, United Kingdom
Read Full Article
JD Sports shares rise as North America drives growth
JD Sports has delivered a resilient set of full-year numbers, with the standout being a clear improvement in North America and a 36% jump in free cash flow to £462m. Investors will hope today’s figures show JD Sports is joining a small cohort of underperforming FTSE 100 stocks that are showing signs of stabilisation after […] The post JD Sports shares rise as North America drives growth appeared first on UK Investor Magazine.
Coverage Details
Total News Sources14
Leaning Left2Leaning Right0Center7Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
L 22%
C 78%
Factuality
To view factuality data please Upgrade to Premium
