JD Sports reports sales rise in volatile market

Shares in JD Sports have slumped 23% this year, reflecting a January profit warning and Nike's underperformance

shop sign for JD Sports in central London.

Sportswear retailer JD Fashion reported a 2.4% rise in second-quarter underlying sales, an improvement on the three months, but said it was cautious on its outlook for the rest of the year with the overall market remaining volatile.

The FTSE 100-listed group, which sells Nike, Adidas, On, HOKA and other sports brands, on Thursday kept its guidance for full-year profit before tax and adjusting items of £955m to £1.03bn (€1.12bn-€1.21bn), up from the £917.2m made last year.