The Share Centre lists JD Sport as a buy
Graham Spooner, investment adviser at The Share Centre, explains that the positive JD Sport results continue to make JD Sports a BUY.
"Strong sales from its JD Sports stores, especially over the World Cup, were behind the jump in first half profits. It's also interesting to note that it saw a 300 basis point margin improvement in its Bank and Scotts fashion stores. In this climate, these are impressive results and it is good to note the increased dividend.
JD Sports also indicated that the second half sales have started satisfactorily, with sales up 2.7% in the first four weeks. The group have a strong cash position and appear well positioned for the all important Christmas season. The plan to target online sales over the next two years could also be viewed as a further positive."