LONDON, Nov 21 (Reuters) - British sportswear retailer JD Sports Fashion (JD.L) , opens new tab warned annual profit would come in at the lower end of its guided range after a tough October of discounting, unseasonable weather and consumer caution. FTSE 100-listed JD, which sells Nike, Adidas, On, HOKA and other brands in Britain, Europe and the United States, said volatile trading last month dragged underlying sales down by 0.
3% in its third quarter to Nov. 2. The company said it believed demand had been suppressed in the U.
S. ahead of the election in early November. Third-quarter underlying sales were down 1.
5% in North America. "The trading environment remains volatile," CEO Regis Schultz said in a statement. For the full financial year, JD said pretax profit would come in at the lower end of its 955 million pounds to 1.
035 billion pounds range. In its 2023/24 year, it made 917.2 million pounds.
Sign up here. Reporting by Sarah Young; Editing by Jan Harvey and Paul Sandle Our Standards: The Thomson Reuters Trust Principles. , opens new tab.
