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%. 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: Analyst Corner: Three Technologies Driving the Future of US Retail, with Anand KumarHoliday 2024: UK Retail Wrap-Up—Cautious Spending and Late Shopping Fuel Volatile Peak TradingAnalyst Corner: Constrained Consumers Could Soon “Get to the Goods” Again—Evolving In-Store Loss Prevention, with John HarmonFinancial Confidence Ticks Up Again: Weekly US Consumer Sentiment, Week 20, 2025—Infographic
