JD Sports FY sales 12.662 bln pounds, up 11.7% constant FX -2-
(Il Sole 24 Ore Radiocor) - Milano, 7 mag - Over the medium term, JD Sports said its financial priorities are to deliver sales growth ahead of its markets, operating margin progression driven by Europe and North America, and strong free cash generation.
In support of this, it announced a new threeyear cumulative free cash flow target of over 1.4 billion pounds over FY26-FY28, underpinned by profit growth, disciplined capital expenditure and strong working capital management.
It said it will reinvest where returns are compelling and maintain leverage headroom for future commitments.
In line with its confidence in its cash generation and our medium-term trajectory, JD Sports announced a 20% increase in the ordinary dividend with a clear intention to grow this progressively towards a more attractive dividend yield, and a rolling 200 million pound annual share buyback as the company.
deploys cash to drive improved returns for shareholders
(RADIOCOR) 07-05-26 09:07:00 (0255) 5 NNNN