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.