As JD Sports warned of “cautious” consumer spending and a peak trading season “softer” than anticipated at the start of the year, it issued an earnings warning reducing profit expectations to between £915m and £935m compared with the previously pledged £1.04bn. 

In its latest trading update, JD Sports delivered marginal sales growth of 0.1% on a like-for-like basis in its fourth quarter while full-year like-for-like sales and organic sales improved 4.2% and 8.4%, respectively.