JD, which makes nearly 40% of its sales in the United States through its Finish Line, Shoe Palace and Hibbett brands,
that profits would only grow slightly, if at all this year, even before any potential impact from tariffs.
The group said on Wednesday that while it had limited visibility on the impact from tariffs, it was taking action by further diversifying the range of countries from which it sources goods.
“Our strong and agile multi-brand model positions us well to navigate these market conditions and we are focused on controlling our cost base,“ JD said in its statement.
In the medium term, it said it remained confident of delivering improved shareholder returns.
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