JD Sports Fashion Stock News

Nike is taking the right steps to revive its business and a ​turnaround is only a matter of time, ‌said the finance chief of British sports and fashion retailer JD Sports , one of the U.S. group's largest customers.

JD Sports Fashion PLC (LSE:JD., OTC:JDSPY) delivered a modest first-half profit beat as stronger-than-expected gross margins offset weaker profitability in North America, according to Deutsche Bank, which reiterated its 'hold' rating and 95p price target.

The retailer reported lower profit as it continues to deal with a difficult market backdrop, though result came ahead of analysts' views according to a poll provided by the company.

JD Sports Fashion PLC (LSE:JD., OTC:JDSPY) has kept its full-year profit forecast intact, even after a rough six months in which earnings slid by a fifth.

British ​sports and ‌fashion retailer JD ​Sports ​reported a 19.7% ⁠drop ​in first-half ​profit on Wednesday, hurt ​by ​weakness in its ‌key ⁠North American market, but ​maintained ​the ⁠full-year earnings ​outlook ​it downgraded ⁠last month.

JD Sports Fashion PLC (LSE:JD., OTC:JDSPY) is off to Mexico, and Citi reckons the retailer has picked a promising spot to pitch up.

Deutsche Bank has maintained its hold rating on JD Sports Fashion PLC (LSE:JD., OTC:JDSPY), the sportswear retailer, with a 95p price target after weaker second-quarter sales.