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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Sports Direct International    FRAS   GB00B1QH8P22

SPORTS DIRECT INTERNATIONAL

(FRAS)
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JD Sports delays results to May, cites ample cash resources

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03/24/2020 | 03:23am EDT
People pass a JD Sports store in London

Britain's biggest sportswear retailer JD Sports said on Tuesday it has delayed the publication of its financial results to May and has enough cash resources to ride out the coronavirus crisis.

The company has shut all its stores in the UK, United States and Europe, while rival Sports Direct plans to keep its shops open, arguing that sports equipment should be considered essential, according to media reports.

"Along with everyone else, the Group is experiencing major disruption to our business operations as we seek to protect our colleagues and customers from the effects of COVID-19," JD Sports Chairman Peter Cowgill said.

The company has so far successfully defied the retail sector gloom in the UK helped by global expansion and a growing demand for gym wear from youngsters.

JD Sports said it does not find it appropriate to provide outlook for the current fiscal year ending January 2021, adding the revised date of publication will allow it greater clarity on the outbreak's effect on results for the period.

Separately, fashion retailer Mulberry Group suspended all shareholder distributions and added it expects to make a small loss in the second half. The company also said it has additional liquidity.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shounak Dasgupta)

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -7.50% 5.8 Delayed Quote.5.45%
JD SPORTS FASHION PLC -1.03% 650.8 Delayed Quote.-22.28%
JUST GROUP PLC 0.38% 47.98 Delayed Quote.-39.27%
MULBERRY GROUP PLC -5.24% 181 Delayed Quote.-36.49%
SEEK LIMITED 1.32% 21.57 End-of-day quote.-4.35%
SPORTS DIRECT INTERNATIONAL 1.32% 306.8 Delayed Quote.-32.88%
THE GLOBAL LTD. -4.50% 212 End-of-day quote.-54.99%
THE NEW HOME COMPANY INC. -0.92% 3.24 Delayed Quote.-30.47%
WILL GROUP, INC. -2.16% 634 End-of-day quote.-49.36%
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Financials
Sales 2020 4 004 M 5 039 M 5 039 M
Net income 2020 51,0 M 64,2 M 64,2 M
Net Debt 2020 363 M 456 M 456 M
P/E ratio 2020 17,0x
Yield 2020 -
Capitalization 1 545 M 1 949 M 1 944 M
EV / Sales 2019
EV / Sales 2020 0,48x
Nbr of Employees 29 400
Free-Float 27,1%
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Technical analysis trends SPORTS DIRECT INTERNATIONA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 312,50 GBX
Last Close Price 307,80 GBX
Spread / Highest target 94,9%
Spread / Average Target 1,53%
Spread / Lowest Target -35,0%
EPS Revisions
Managers
NameTitle
Michael James Wallace Ashley Chief Executive Officer
David Daly Non-Executive Chairman
Chris Wootton Chief Financial Officer
David Brayshaw Non-Executive Director
Nicola Frampton Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SPORTS DIRECT INTERNATIONAL-32.88%1 949
CHEWY, INC.79.03%20 074
TRACTOR SUPPLY COMPANY47.37%15 681
ULTA BEAUTY-24.03%11 376
NEXT PLC-33.03%7 495
GRANDVISION N.V.-6.82%7 335