JD Sports Acquires Hibbett in $1 Billion Deal to Boost U.S. Market Presence

The acquisition aims to expand JD Sports' footprint in the southeastern U.S., enhancing its market share and strategic growth.

JD Sports has purchased Hibbett for approximately $1.08 billion, aiming to strengthen its position in the U.S. sportswear market.
The deal is expected to be immediately accretive to earnings, with JD Sports projecting significant increases in U.S. revenue.
Hibbett, established in 1940s, brings over 1,000 stores across 36 states under the Hibbett and City Gear brands to JD Sports.
The acquisition will increase JD Sports' U.S. market share to 40%, up from 32%, with combined sales reaching around $5.8 billion.
JD Sports plans to fund the acquisition through $300 million in U.S. cash resources and a $1 billion extension of existing bank facilities.