JD Sports warns of low-end profit as consumer caution, US election hits sales
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JD Sports Fashion PLC has warned that its profit will be at the lower end of guidance for the full year due to volatile trading in the third quarter, influenced by consumer caution and uncertainty around the US election.
November 21, 2024 | 7:45 am
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JD Sports Fashion PLC expects profits to be at the lower end of guidance due to volatile trading in Q3, affected by consumer caution and US election uncertainty.
The company's announcement of lower-end profit guidance is likely to negatively impact its stock price in the short term. The factors contributing to this include consumer caution and uncertainty around the US election, which have led to volatile trading in the third quarter.
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