JD Sports flags ‘challenging’ market but maintains profit guidance

JD Sports has maintained its full-year profit guidance as it made “good strategic progress” despite the market “remaining challenging”.
Total sales for the sports giant edged up 3.6% to £10.5bn in the 53 weeks to 3 February, with like-for-likes up 4.2% and organic sales jumping 8.4%.
The retailer, which is dubbed the ‘King of Trainers’, reaffirmed the £915m to £935m adjusted pre-tax profit range that it guided at the start of the year, after