Companies

JD Sports cautious on tariff impact as it announces fourth quarter and full year update

Apr 10, 2025 United Kingdom

The UK-based sportswear retailer has reported a solid fourth quarter and full year performance in its latest trading update. However, it is cautious about the actual impact of tariffs in the current year

According to the latest trading update of JD Sports, in the fourth quarter that ended on the 1^st of February, its LFL revenue grew by 0.3%, with organic revenue growing by 5.6%, as compared to the same period of last fiscal year, driven by a strong performance in Europe.

For the full year 2025, LFL revenue growth was also 0.3%, in line with the previous guidance, with organic growth of 5.8%, slightly ahead of the previous guidance. This performance was driven by strong year-on-year organic growth in North America, Europe and Asia Pacific (7.5%, 10.5% and 9.5%, respectively).

JD Sports reported a full year gross margin of 47.8%, down by 20 basis points year-on-year due to the impact of the acquisitions of Hibbett and Courir.

At the end of the year, the UK retailer operated 4,850 stores, 1,533 more than at the beginning of the year, including 1,485 stores acquired through Hibbett and Courir.

JD Sports confirmed that it expects profit before tax and adjusting items for the financial year 2025 to be in the range of 915 million to 935 million British pounds (1.07 billion and 1.09 billion euros), in line with the announcement made in January.

Fiscal Year 2026 Guidance

“We expect the trading environment in our key markets to be volatile throughout the year and we have started the year in line with our expectations”, said the company. “We note the proposed changes to tariffs announced last week”, but “at this stage, the outcome of these developments is uncertain”.

For the full year 2026, the sportswear retailer expects profit before tax and adjusting items to be in the range of 878 million to 982 million British pounds (1.02 billion to 1.14 billion euros), in line with previous expectations and excluding the potential impact of tariffs.

1 GBP = 1.17 EUR

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United Kingdom Companies JD Sports Quarter Results Results Sportswear Year Results