JD has delivered an excellent first half result, ahead of our forecast – although, it should be noted that in the absence of any performance details having been released in H1, forecast visibility was low. The beat against our estimate stemmed from the core Sports fascias. The combination of operational initiatives and positive end market trends suggests to us that forecast risk could still be to the upside there. Outdoor is still loss making and continues to carry surplus A/W14 stock, but chang ....
16 Sep 2015
Strong H1 growth highlights gains via organic and market growth trends
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Strong H1 growth highlights gains via organic and market growth trends
JD Sports Fashion Plc (JD:LON) | 135 24.5 15.6% | Mkt Cap: 6,983m
- Published:
16 Sep 2015 -
Author:
Matthew McEachran -
Pages:
4
JD has delivered an excellent first half result, ahead of our forecast – although, it should be noted that in the absence of any performance details having been released in H1, forecast visibility was low. The beat against our estimate stemmed from the core Sports fascias. The combination of operational initiatives and positive end market trends suggests to us that forecast risk could still be to the upside there. Outdoor is still loss making and continues to carry surplus A/W14 stock, but chang ....