JD Sports has put its results on hold, but the sportswear retailer expects to meet its reduced profit guidance.

JD Sports London

The sportswear giant has pushed back its full-year results by two days to May 31, saying it still expects its profit to hit the recently adjusted guidance.

In a statement, JD Sports said: “The group’s board confirms that it expects the results to be in line with the guidance provided in its FY24 trading update on 28 March 2024.”

Peel Hunt analysts estimate the sportswear giant to show a 4.2% rise in full-year like-for-like sales with a 7.2% drop in profit before tax to £920m, down from the £990m reported in 2023.

In January, JD issued a profit warning as it reduced its full-year profit before tax expectation to a range of £915m to £935m, down from the previous guidance of £1.04bn.

At the time, the retailer said sales for the 22 weeks to December 30, 2023, were “slightly behind expectations”, reflecting “cautious consumer spending” from shoppers over the Christmas period.