JD Sports Shares Tumble Following Second Profit Warning in Three Months
UKPulse Markets Desk
JD Sports has issued a second profit warning within three months, citing a slump in US sales and challenging trading conditions.
- JD Sports shares have tumbled.
- The company issued a second profit warning in three months.
- The profit warning was sparked by a slump in US sales.
JD Sports' shares have tumbled after the company issued its second profit warning in three months. The 'King of Trainers' attributed the warning to a slump in US sales.
The company stated that trading this summer has 'remained tough', with consumers experiencing 'incremental cost-of-living pressures'.