Company Earnings UpdateNext (LON:NXT) 1Q17 Update: Weak Sales and Lower FY17 Guidance Coresight Research May 5, 2017 Executive Summary British fashion retailer Next reported a decline in total full price sales of 3.0%. Next Retail full price sales declined 8.1% year over year, while Next Directory sales increased 3.3%. Sales from new retail space accounted for a full price sales increase of 1.6%. Following weak 1Q17 sales, the company lowered its FY17 revenue and profit guidance. The company now expects total full price sales growth for the Next Brand to be between (3.5)% and +0.5%. The company expects FY17 profit before tax (PBT) in the range of £680–£740 million, equating to negative year-over-year growth of between 13.9% and 6.4%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Weekly UK Store Openings and Closures Tracker 2025, Week 30: Marks & Spencer Opens Airside Food StoresEconomic Sentiment Turns Positive Ahead of Tariff Deadline; Plus, Department Store Shopping in Focus: US Consumer Survey InsightsThe New Coresight 100: Setting the Direction for Global Retail in 2026The State of US Consumer Sentiment: Insights Presented at NARG Spring Meeting 2025
