Record-Breaking Revenue
First-half performance in line with expectations, with revenues breaking the £5 billion milestone for the first time, showcasing resilience amid volatile market conditions.
Strong Growth in North America and Europe
North America and Europe delivered double-digit organic sales growth with 9% organic sales growth overall for the JD brand. North America is now the largest market by revenue and profit.
Cash Flow and Balance Sheet Strength
Operating cash flow of close to £300 million and net cash before lease liabilities of £40 million at the period-end, maintaining a strong balance sheet despite increased CapEx and acquisitions.
Hibbett Acquisition Success
The acquisition of Hibbett added £61 million in revenue from just 10 days of contribution, highlighting a successful acquisition strategy.
Continued Store Rollout and Expansion
On track for ambitious growth with 102 new JD stores and 32 new complementary stores opened in the first half, aiming for 200 JD store openings annually.