Company Earnings Update 3 minutesRegister for Free AccessNext (LSE: NXT) 2Q20 Update: Strong Quarter Prompts Raised Guidance Coresight Research August 1, 2019 Executive Summary Next reported strong 2Q20 full-price product sales growth of 3.7%, compared to 4% growth in the previous quarter and beating the consensus estimate of 0.1% growth recorded by StreetAccount. The retail segment continued to underperform with a 4.2% decline while the online segment posted strong full-price sales growth of 12%. The company lifted FY20 guidance, with retail sales expected to decline 5.1% year over year at mid-point, compared to previous guidance of an 8.5% decline, and online sales to grow 11.8% at mid-point compared to the previous guidance of 11% growth. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Day Three at NRF 2024: Retail’s Big Show—Lessons from Macy’s, Shein, Temu and MoreRetail-Tech Landscape: Checkout SolutionsDiscount Decades—US Apparel and Footwear Discounters: Set For Market Share GainsUS Store Tracker Extra, March 2023: Retailers To Close 31 Million Square Feet of Retail Space in 2023