JD Sports cuts profit forecast as US demand weakens

JD Sports cuts profit forecast as US demand weakens  The Times

Inflation fuelled by conflict deterring shoppers from spending, especially in the US, says high street chain The sports fashion retailer JD has cut £50m from its profit forecast as cost-of-living pressures, fuelled by the US war on Iran, weighed on sales of trainers. JD Sports, which sells brands including Nike and Adi

JD Sports has slashed its profit target as the growth plan led by chief executive Régis Schultz loses steam, sending its share price into a tailspin. The sports and fashion retailer saw sales performance improve in the UK, but a slowdown in the US and intense discounting by rivals is dragging on the firm’s profit,…

Estee Lauder forecasts strong annual profit on resilient fragrance demand  Reuters

The cosmetics company forecast fiscal 2027 adjusted EPS of $3.10 to $3.35, with the midpoint above analyst estimates

TJX raised its annual profit forecast on Wednesday, betting on resilient demand at its off-price retail stores as budget-conscious consumers increasingly hunt for deals.