Few retailers can boast the enviable track record of JD Sports Fashion PLC (LON:JD), the ambitious multi-channel ‘athleisure’ business with a fashion-forward offering that combines the major sportswear brands with established own-label ranges. The company’s expanding international footprint is about to be enhanced by a potentially game-changing recently announced US acquisition, which has yet to be reflected in the consensus forecasts.
A consistent track record of beating expectations
JD Sports’s ambition to dominate the evidently booming market for sports-inspired millennial fashion apparel and footwear (‘athleisure’) is paying dividends. The group has a consistent track record of exceeding market forecasts, even during periods of economic uncertainty. The FY18 results delivered a record PBT of £307.4m, reflecting a 45.4% three-year CAGR, driven by strong online sales growth, positive store LFLs, tight cost control and strategic acquisitions.
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