Analyst Views: Does JD Sports’ half-time statement bode well for the future?

NICK BUBB | INDEPENDENT ANALYST
It’s not often that retailers don’t provide like-for-like sales figures because they would look too good, yet that is what JD Sports stated in its trading update. Apart from the World Cup boost, it was moderately encouraging to hear that the struggling outdoor and fashion divisions are doing better.

FREDDIE GEORGE | CANTOR FITZGERALD
The trading update in the 18 weeks to 7 June is over-light on detail but in tone is positive. The JD format which has been strengthened over the last year is clearly differentiated, and has significant potential to be developed overseas with the support of the international sports brands.

MATTHEW MCEACHRAN | N+1 SINGER
We estimate the World Cup could boost sales by about two to three per cent like-for-like. Our sense, based on last year’s comparative figures and the exit rate from the second half of last year, is that a mid-to-high single digit like-for-like figure is likely to have been achieved.