{"id":4981,"date":"2026-09-20T19:27:06","date_gmt":"2026-09-20T19:27:06","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=4981"},"modified":"2026-09-20T19:27:06","modified_gmt":"2026-09-20T19:27:06","slug":"investors-seek-update-on-jd-sports-stores-kingfisher-daily-business","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=4981","title":{"rendered":"Investors seek update on JD Sports stores + Kingfisher \u2013 Daily Business"},"content":{"rendered":"

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\"JD\"JD
JD Sports slashed its profits outlook<\/em><\/figcaption><\/figure>\n

Sportswear retailer JD Sports<\/strong> recently slashed its profit outlook on continued US weakness amid cost-of-living pressures and delayed back-to-school spending.<\/p>\n

Trading in the UK returned to positive like-for-like sales growth in the second quarter, supported by strong sales of football replica kit.<\/p>\n

Despite the profit downgrade JD Sports stuck to its free cash flow guidance with the group flipping into a net cash position in early August from a net debt position. This provides it with some cushioning to absorb the pressure from downbeat consumer sentiment, says AJ Bell.<\/p>\n

Investors will be looking for clarity on the extent of US promotional activity and margin implications as well as an update on ongoing store closures.<\/p>\n

Kingfisher<\/strong><\/p>\n

Tough prior comparatives and a late start to spring dented the DIY group\u2019s first-quarter like-for-like sales growth despite Screwfix continuing to take market share in trade.<\/p>\n

Nevertheless, the B&Q and Castorama owner stuck with full-year guidance which implies management confidence of returning to positive like-for-like sales growth off the back of a recovery in \u2018big ticket\u2019 purchases.<\/p>\n

After nearly seven years at the helm, CEO Thierry Garnier announced in May that he was leaving which introduces uncertainty over succession, and his replacement is likely to face a tough backdrop.<\/p>\n

Garnier launched Kingfisher marketplaces and developed the trade business which means the company is less reliant on traditional DIY carried out by individuals.<\/p>\n

DIARY<\/u><\/strong><\/p>\n

Monday 21 September<\/strong><\/p>\n

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  • Full-year results from Craneware<\/strong><\/li>\n<\/ul>\n

    Tuesday 22 September<\/strong><\/p>\n

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    • Trading statement from Henry Boot<\/strong><\/li>\n
    • Half-year results from Kingfisher<\/strong>, Smiths<\/strong><\/li>\n<\/ul>\n

      Wednesday 23 September<\/strong><\/p>\n

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      • Full-year results from Renishaw<\/strong><\/li>\n
      • Half-year results from JD Sports Fashion, Judges Scientific<\/strong><\/li>\n
      • UK and US composite PMIs for September<\/li>\n<\/ul>\n

        Thursday 24 September<\/strong><\/p>\n

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        • Full year results from CVS<\/strong><\/li>\n
        • Half-year results from Raspberry Pi<\/strong><\/li>\n<\/ul>\n

          \t <\/div>\n