JD Sports Scores A Christmas Cracker On A Shopping Pitch Full Of Obstacles

Published by
ValueWalk

“JD Sports Fashion PLC (LON:JD) has scored a Christmas cracker on a shopping pitch full of obstacles. Despite the supply chain crunch hitting some brands, a growing income squeeze and fears about the spread of omicron, it’s still notched up a stellar run. Like-for-like revenues grew 10% in the 22 weeks to January 1, compared to the same period in 2020, with Black Friday and Christmas sales on a winning streak and margins holding up well. Its performance is testament to the pull of the brands it sells and its well-oiled online operations but the group has also benefited from a Biden bounce. A c…

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