JD Sports Fashion plc. proposed final dividend of 0.67p

DividendMax Ltd.

JD Sports Fashion plc. proposed final dividend of 0.67p

The JD Sports Fashion plc Board is proposing to increase the total dividend per share for the period to 1.00p (2024: 0.90p). This results in a recommended final dividend per share of 0.67p, reflecting a one-third/two-thirds split between the interim and the final dividend, keeping the payment split in line with the phasing of profit generated in the period.

Other financial highlights include:

Organic sales growth of 5.8% and like-for-like (LFL) sales growth of 0.3%

Constant currency revenue growth of 12.0% to £11,458m

Gross margin of 47.8%, down slightly on the prior period reflecting the acquisitions of lower margin Hibbett and Courir

Constant currency Operating profit before adjusting items after interest on lease liabilities up 0.8%

Profit before tax and adjusting items of £923m, down 4.0%, due largely to the continued investment in infrastructure, controls and security

Profit before tax of £715m, down 11.8% due partly to an increase of £53m in adjusting items

Adjusted basic earnings per share down 3.3% to 12.39p

Basic earnings per share down 9.1% to 9.50p

Operating cashflow net of lease repayments of £1,245m driving net cash before lease liabilities of £52m

Q126 trading in line with expectations

Companies mentioned