Money blog: £842m wiped off JD Sports value in a few hours

14 hours ago · JD Sports has seen roughly £842m wiped off its company value after it reported profits will be at the lower end of expectations. Read this and the rest of today's consumer and …

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Money Blog: £842m Wiped Off JD Sports Value In A Few Hours

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14 hours ago · JD Sports has seen roughly £842m wiped off its company value after it reported profits will be at the lower end of expectations. Read this and the rest of today's consumer and …

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JD Sports Sees £2bn Wiped Off Market Value But Analysts Are …

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Jan 4, 2024 · JD Sports has not started the new year on the right foot. Nearly £2bn has been wiped off the firm’s market value after it posted an unusually weak Christmas performance. A …

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JD Sports Nosedives As It Blames Profit Warning On Mild Weather

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Jan 4, 2024 · The news wiped more than £1.7bn from the company’s value as its share price plunged 23pc, ending a rally that had seen it gain almost 40pc since November. ... JD Sports, …

telegraph.co.uk

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JD Sports Has A Service Problem As Billions Wiped Off Retailers …

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Sep 11, 2024 · Recently more than A$3.54 billion has been wiped off the value of JD Sports after the retailer issued a profit warning. ... 10% below its previous guidance. Recently JD Sports …

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Will JD Sports Be Able To Shrug Off Problems At Nike?

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After a tough year, which included a profit warning in January and £2bn wiped off its market cap, JD reported like-for-like sales growth in the first half of the year of 0.7 per cent and the ...

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JD Sports' Profit Warning Highlights Consumer Spending Woes, …

1 week from now

Shares in the company, among the first non-food retailers to issue a post-holiday trading update, recorded its steepest fall of 24.2% to 117.85 pence, becoming the top loser on London's blue …

investing.com

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JD Sports Shares Plunge 20% After Profit Warning - BBC

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Jan 4, 2024 · Shares in JD Sports have plummeted by more than 20% after the sportswear seller issued an profit warning. The company said its profits would be about £125m lower than …

bbc.com

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Money Blog: JD Sports Sees £842m Wiped Off Its Value In Single …

1 week from now

1 day ago · JD Sports has seen roughly £842m wiped off its company value after it reported profits will be at the lower end of expectations. Read this and the rest of today's consumer and …

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JD Sports Makes Record Profits Despite Store Closures | This Is Money

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Sep 14, 2021 · JD Sports makes record profits despite supply chain problems and store closures as online trade booms. Pre-tax profits at the sportswear retailer jumped to £439.5m during the …

thisismoney.co.uk

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Value Of JD Sports Plummets By £1.7bn After Profit Warning

1 week from now

Jan 4, 2024 · In the fast-paced world of fashion retail, JD Sports, a prominent player in the industry, faced a significant setback recently. More than £1.7 billion was erased from JD …

economistglobal.com

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Estimating The Fair Value Of JD Sports Fashion Plc (LON:JD.)

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Jan 8, 2024 · Current share price of UK£1.20 suggests JD Sports Fashion is potentially trading close to its fair value Analyst price target for JD. is UK£2.01, which is 48% above our fair value …

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FAQs about Money blog: £842m wiped off JD Sports value in a few hours Coupon?

Why did JD Sports lose £842m?

There's plenty for the markets to digest and react to today. JD Sports has seen roughly £842m wiped off its company value after it reported profits will be at the lower end of expectations. Consumer caution in October, increased discounting and mild weather conspired to bring down sales. ...

Why did JD Sports Fashion lose 2 billion pounds?

REUTERS/May James/File Photo Purchase Licensing Rights Jan 4 (Reuters) - Nearly 2 billion pounds was wiped off JD Sports Fashion's (JD.L) market value on Thursday, after the British sportswear giant warned on annual profit, citing tepid consumer spending that bruised peak season sales and led to heavy discounting. ...

Why did JD Sports Fashion lower its profit forecast?

Jan 4 (Reuters) - JD Sports Fashion JD.L lowered its full-year profit forecast on Thursday, citing higher costs and subdued consumer spending in the peak season, sending the British sportswear retailer's shares down nearly 21%. ...

Why did JD Sports stock fall 20%?

Shares in JD Sports have plummeted by more than 20% after the sportswear seller issued an profit warning. The company said its profits would be about £125m lower than previously predicted after a worse-than-expected festive trading period. ...

Why did JD Sports stock plunge a quarter?

JD Sports shares plunged almost a quarter after it slashed its profit forecasts, blaming a mild autumn and weaker Christmas spending. In an unscheduled trading update, the sportswear retailer said shoppers were “more cautious” over the crucial festive period, meaning it now expected profits of between £915m and £935m for the year to Feb 3. ...

Does JD Sports have a better first-half profit than Nike?

“JD Sports’ better than expected first-half profit shows that demand is still robust for trainers and tracksuits. In contrast, Nike’s struggles have gone from bad to worse as its first quarter results were riddled with problems of its own making. ...