Our long/buy idea on JD Sports generated more than 50% investment returns for clients on outperforming expectations
On 10th September 2019, JD Sports saw it’s share price rise more than 5.8% following their results announcement which showed a healthy rise in profits and sales at the UK’s biggest sportswear retailer.
Management reported considerably stronger like for like sales growth against a difficult UK retail backdrop with sales growth more than 10% on the companies strategy to target younger consumers with more athleisure and premium ranges from the likes of Adidas and Nike.
The Retail Gazette Reports JD Sports’ Positive Half-Year Results with a 47% Jump in Revenue on 10% Like for Like Sales Growth.
Woozle’s team of primary research analysts uncovered stronger than expected LFL sales trends at JD Sports Fashion banners driven by growth popularity of new premium product releases from Adidas and Nike and increased traction with younger consumers driving successful sales trends across athleisure product categories.
Woozle’s Long/Buy Idea on JD Sports has generated more than 50% investment returns for clients in the last 6 months.
Woozle’s long position in JD Sports has generated more than 50% since we announced our buy recommendation around 6 months ago.