Overview

• Like-for-like sales fell about 3% in the 13 weeks to 2 August, with the UK down 6.1% and North America down 2.3% for the quarter.
• Full-year pre-tax profit guidance was maintained around £885 million, before any indirect effects from new US tariffs.
• Management highlighted a strong apparel performance and a much improved online business supported by a broader range and targeted marketing.
• The company said direct exposure to US tariffs is not material, though it is monitoring potential indirect impacts with brand partners and suppliers.
• Shares rose roughly 4% after the update, as JD also announced a fresh £100 million repurchase following a similar buyback completed last month.