JD Sports Fashion Plc (OTCPK:JDSPY) Q2 2025 Earnings Conference Call October 2, 2024 4:00 AM ET
Company Participants
Andrew Higginson – Chair, Chair of the Nomination Committee
Dominic Platt – CFO
Regis Schultz – CEO
Conference Call Participants
Jonathan Pritchard – Peel Hunt
Kate Calvert – Investec
Monique Pollard – Citigroup
Richard Chamberlain – RBC
John Stevenson – Peel Hunt
Nicholas Barker – BNP Paribas
David Hughes – Shore Cap
Anubhav Malhotra – Panmure Liberum
Andrew Higginson
All right. So I’m pleased to be here today to talk about our interim results to August ’24. I think just a few opening remarks from me really. I think the results show the resilience of the business, actually, that’s emerging now and highlight the strengths that we’ve — Regis and the team have started to build into the business. It’s not been an easy half-one. We had tough comps. We had our legendary U.K. summer, and I know retailers are not meant to talk about weather, but it does impact things like fashion and apparel sales. And, of course, Nike’s well reported sort of stumble has created a bit of a headwind as well.
So I suppose after a bit of a painful reset in January, despite all those headwinds, we’ve delivered good results and a good half-one. I think over the two years that we’ve been here, the business has become much more focused. We’ve exited all the fashion businesses and so on and so forth. But we still retain a nice spread. And I think that’s evident in these numbers here, if you like.
If the U.K. weather is terrible, we’ve got the U.S. and Europe. If Nike is a little bit off form, we have New Balance on Adidas and so on. So it’s a good business. I think you see today, it’s a resilient business and
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