Company Earnings Update 2 minutesRegister for Free AccessNext (LON: NXT) 2Q17 Update: FY17 Guidance Narrowed on Improving Sales Coresight Research April 4, 2017 Executive Summary British fashion retailer Next reported £1,888 million in group revenues in 1H17, down 2.7% year over year and above the consensus estimate. Retail store sales declined 8.3% year over year, reflecting significant sales erosion. Operating profit margin in 1H17 contracted by 140 basis points to 17.2% year over year. Diluted EPS for 1H17 was 177 pence, down 5.7% year over year and above the consensus estimate of 165 pence. For FY17, the company expects total full-price sales growth to be between (2.0)% and +1.5%. Next looks for FY17 profit before tax (PBT) in the range of £687–£747 million, for year-over-year growth to fall to between (13.1)% and (5.5)%. FY17 EPS growth is expected to decline to between (10.9)% and (3.1)%. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weinswig’s Weekly: Introducing Temu, the New Entrant in US E-CommerceMay 2023 Monthly Consumer Update: US, UK and ChinaWeekly US and UK Store Openings and Closures Tracker 2023, Week 46: Avon Calling!Earnings Insights 4Q22, Week 3: CVS and L’Oréal Report Strong Sales Momentum; Capri, Coty and VF Corp See Declines