The JD Sports share price is up 7% today! What’s going on?
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The JD Sports Fashion (LSE:JD.) share price leapt 7% in early trading today (27 June) following the release of Nike’s results for the year ended 31 May 2025. It’s believed that the American sportswear giant accounts for around half of the UK retailer’s global revenue. This dependency means the share prices of the two tend to move in tandem.
Difficult times
But Nike’s results were disappointing. Compared to the previous year, revenue was down 10% to $46.3bn, net income was 44% lower at $3.2bn, and diluted earnings per share (EPS) fell 42% to $2.16bn.
Nike’s president and chief executive Elliott Hill acknowledged that the numbers “are not where we want them to be”. But…
