Company Earnings UpdateNext (LSE: NXT) 1H19 Results: Better-Than-Expected Margin Improvement Prompts Full Year Guidance Upgrade Coresight Research September 26, 2018 Executive Summary Next reported 1H19 revenues of £1,961.9 million, up 3.1% year over year. Diluted EPS came in at 184.5 pence, up 4.5% year over year, broadly in line with the consensus estimates of 184.7 pence. The online business turned in a robust performance while Next Retail (in-store) sales continued to decline. Next guided for FY19 full price sales growth of 3%, ahead of the consensus estimate of 1.7%, and expects EPS to grow by 5%, which is ahead of the consensus estimate of 3.1%. The company also raised its central guidance for full year pre-tax profits by £10 million to £727 million. 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: Mapping the US’s Reciprocal Import Tariffs: Which Nations Are Affected?Innovator Profile: Coframe—Using AI-Driven Experimentation to Optimize Digital Storefront PerformanceRetail Shrink and ORC: Cargo Theft Hits Record Levels in the US, Retail Crime Costs Soar in the UKShaping What’s Next in Retail—Physical Retail, AI, Retail Media: Insights from NextGen 2025, a Coresight Research Conference
