News article

JD Sports dips in stock market trading

JD Sports dips in stock market trading
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Shares in JD Sports Fashion have recorded a slight dip during stock market trading this morning (June 9th) following the release of the sportswear retailer's financial results.

In the 18 weeks to June 5th, like-for-like sales at its stores in the UK and Ireland were up 4.1 per cent, the firm said.

However, its stock dipped on the news and, by 11:39 BST, shares were valued at 780p, a 0.13 per cent fall on yesterday's close.

The firm, which also owns the Size? and Bank chains along with JD Sports, stated in a trading update that transactions have been "positively influenced in recent weeks by the upcoming World Cup".

"Margins achieved have continued to be encouraging, with particularly satisfactory progress in the Fashion Fascias," it added.

The company is due to hold its annual general meeting today and is scheduled to publish its next interim trading update on September 21st.

Posted by Greg SeckerADNFCR-1681-ID-19827584-ADNFCR