London (Reuters) – JD Sports Fashion announced a 13.5% drop in its half -yearly profit on Wednesday, penalized by a decline in sales to the United States, while confirming its annual and remaining cautious forecast for the market context.
The distributor listed at the FTSE 100, which achieves almost 40% of its turnover in the United States through its JD Sports, Hibbett, DTLR and Shoe Palace stores, said on Wednesday that it only expected a limited impact on the customs duties of President Donald Trump during the fiscal year.
The group’s title has lost 43% over a year, penalized by a market -oriented market and the drop in demand for Nike products, which represent almost 45% of its sales.
The group provides for an annual benefit before taxes and adjustment elements in accordance with current market expectations, between 853 and 914 million pounds (between 976.26 million euros and 1.05 billion euros), with a consensus at 878 million.
The group achieved a profit of 351 million pounds in the first half enclosed on August 2, with sales up 18% to 5.94 billion pounds and organic growth of 2.7% in “a difficult commercial environment”.
Sales on a constant scope of the first half, published last month, fell 2.5% in the first half, with 3.8% drops in North America and 3.3% in the United Kingdom.
“We remain cautious about the commercial environment of the second semester,” said Director General Regis Schultz.
(Written by James Davey, Elena Smirnova, edited by Augustin Turpin)
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