JD Sports Lowers Full-Year Profit Forecast Amid Weakening Consumer Trends

JD Sports Fashion forecast its full-year profit at the lower end of market expectations on Thursday, citing weaker macroeconomic and consumer indicators in recent weeks. The British sportswear retailer reported a 1.7% decline in third-quarter like-for-like sales, an improvement over the prior quarter, supported by stronger performance in its key U.S. market.

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