Insight Report 2 minutes PremiumNext [LON: NXT] 3Q17 TRADING RESULTS: SOFT SALES TREND Coresight Research November 3, 2016 Executive Summary British fashion retailer Next reported 3Q17 revenues for the three months ending October 31, 2016. Next Retail full-price sales declined 5.9% and Next Directory full-price sales were flat. Next Total brand full-price sales declined 3.5%, of which sales from newly opened space contributed 1.3%. The 3Q17 sales decline can be attributed to subdued full-price sales in August and difficult sales comparisons against strong monthly sales in September 2015. Sales in October 2016 improved, as sales comparisons from last year became less challenging. Following 3Q17 results, the company has narrowed its guidance ranges for FY17sales, profit before tax (PBT) and earnings per share (EPS). The company forecasts total full-price sales growth for the Next Brand to be between the range of (1.75)% and +1.25%. The mid-point of the revised sales range is slightly lower than the previous sales guidance. Reflecting better-than-expected cost savings, Nextforecasts FY17 PBTto fall in the range of (4.4)% to +0.5% year over year to €785–825 million. FY17 EPS growth is expected to fall between (1.3)% and +3.7%. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: CES 2023 Day One: Sustainable and Intelligent Solutions Tech To Address Global ChallengesShoptalk Europe 2024 Day Three: Highlighting the Importance of Data Sharing, Retail Media and MoreShowfields and Neighborhood Goods Store Closures Reveal Challenges to the Physical Concession ModelBeauty Shopping in Focus—TikTok Gains in Latest Quarter: US Consumer Survey Insights