COVID-19 Impact on JD Sports and its Future Prospects

Summary

The post coronavirus (COVID-19) company impact report analyses the impact of the COVID-19 outbreak on JD Sports & its future prospects.

As per the publisher's forecasts, JD Sport’s revenue growth rate has been revised from 22.0% to -6.0% for 2020 - a US$0.4bn decline over the pre-COVID 2020 forecast for the group.

Though it had to close down its stores across Europe and US during the COVID-19 pandemic, its websites kept accepting and fulfilling orders across its various territories and thereby reduced the negative impact of the pandemic on its profits.

Scope

• A strong positioning ahead of the COVID-19 crisis
• Sales through online channel continues to fuel growth amid pandemic
• A call for greater flexibility in property leases by landlords

Reasons to Buy

• Use our revised 2020 forecast for JD Sports to understand how it will perform this year.
• Use our charts to review how JD Sports's sales are split by region globally and how these regions have been impacted by COVID-19.
• Use our in-depth analysis to review how JD Sports has responded to COVID-19 and how this will affect its performance.