The athleisure wear retailer has seen its shares take a pasting this morning after the publication of full year results. Despite continued strong cash generation being sufficient to fuel an 11% increase in the dividend, the new financial year has made a less impressive start with global macro uncertainty weighing on sales. Management are also wary over the lack of forward visibility on how tariffs might impact the company’s performance so in early trade, the JD Sports share price was trading down more than 9%.
The retailer Marks & Spencer published full year results this morning with many investors more interested in the update on the recent cyber attack. The event is set to cost the company around £300m and last through July, more than eroding the £160m uptick in profits posted for FY25. There’s no change to the longer term strategy of the business however, with the hacking incident being presented as just a (large) bump in the road. The Marks & Spencer share price was down as much as 3% shortly after the open before losses were pared.
Interim results are out from Shoe Zone this morning with a 6.5% drop in revenues and the company posted a pre-tax loss of £2.3m, down from a profit of £2.6m for the comparative. Management note that performance did improve in the second quarter but the trading environment remains challenging and the full year profit outlook has been pared back significantly. The Shoe Zone share price was down more than 15% approaching 9am.
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