JD Sports Has Become a Collector of Profit Warnings -- Market Talk

Dow Jones01-14

1008 GMT - JD Sports has become a collector of profit warnings, having guided down full-year expectations in November and January, says Russ Mould, investment director at AJ Bell. Its most recent guidance cut has triggered another selloff in shares and taken the stock close to the lows seen amid the global market selloff during the Covid-19 pandemic, he notes. Investors will be losing patience with Chief Executive Regis Schultz fast, as the share price has fallen by a third since he took over the role in 2022, Mould says. The analyst warns that JD Sports could become a prime takeover target if the price continues to weaken, and says the board must be seriously thinking about replacing Schultz. Shares are down 9.6%. (cristina.gallardo@wsj.com)

(END) Dow Jones Newswires

January 14, 2025 05:09 ET (10:09 GMT)

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Investors will be losing patience with Chief Executive Regis Schultz fast, as the share price has fallen by a third since he took over the role in 2022, Mould says. The analyst warns that JD Sports could become a prime takeover target if the price continues to weaken, and says the board must be seriously thinking about replacing Schultz. Shares are down 9.6%. 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Its most recent guidance cut has triggered another selloff in shares and taken the stock close to the lows seen amid the global market selloff during the Covid-19 pandemic, he notes. Investors will be losing patience with Chief Executive Regis Schultz fast, as the share price has fallen by a third since he took over the role in 2022, Mould says. The analyst warns that JD Sports could become a prime takeover target if the price continues to weaken, and says the board must be seriously thinking about replacing Schultz. Shares are down 9.6%. 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Its most recent guidance cut has triggered another selloff in shares and taken the stock close to the lows seen amid the global market selloff during the Covid-19 pandemic, he notes. Investors will be losing patience with Chief Executive Regis Schultz fast, as the share price has fallen by a third since he took over the role in 2022, Mould says. The analyst warns that JD Sports could become a prime takeover target if the price continues to weaken, and says the board must be seriously thinking about replacing Schultz. Shares are down 9.6%. 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