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JD Sports back on the upgrade wave

The sportswear retailer is already proving its mettle, just days into 2018
January 16, 2018

Shares in JD Sports (JD.) – a recent IC Tip of the Year – spiked 7 per cent as City analysts pushed forecasts higher for the year ending January 2018. This follows solid Christmas trading, which helped pushed like-for-like sales across the second half of the year up to 3 per cent.

IC TIP: Buy at 387p

But that growth rate doesn’t even include online sales which, were they part of the numbers, would have pushed the growth rate closer to 5 per cent. Pre-tax profit is now expected to report in the region of £300m, compared with previous estimates of £285m.