Company Earnings Update 2 minutesRegister for Free AccessNext (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%. 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: How US Consumers Are Shopping for Groceries: Revealing Opportunities in Promotions and Private LabelResearch Preview: The State of the American MallChatGPT and Generative AI: Five Things Retailers Should KnowAI in Action: Redefining Drug Discovery