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JD Sports Profits and Sales Decline as Consumer Finances Remain Strained

JD Sports: Profit Decline and Sales Performance

JD Sports has reported a clear slowdown in the first half, with adjusted pre-tax profits falling and like-for-like sales under pressure. The group said adjusted profits slid 13.5% to £351 million for the six months to August 2, while total revenue rose to £5.94 billion,  lifted by recent acquisitions but masking weaker trading at the store level.

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