Company Earnings UpdateNext (LON: NXT) 3Q17 Trading Update: Continued Weak Sales in Retail Segment Coresight Research November 2, 2017 Executive Summary British fashion retailer Next reported that total full-price sales increased by 1.3% in 3Q17. Full-price sales in the Next Retail segment declined by 7.7% year over year, while Next Directory full-price sales increased by 13.2%. Sales from new retail space accounted for a full-price sales increase of 1.2%. The company has narrowed its FY17 revenue and profit guidance following the 3Q17 results. Next now expects the Next brand to generate total full-price sales growth of (1.75)%–1.25% for the year. The company expects FY17 profit before tax (PBT) of £692–£742 million, representing year-over-year growth of (12.4)%–(6.1)%. 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: Mass Merchandisers, Warehouse Clubs and Discount Stores: Themes, Concepts and Innovators—Target at a Crossroads, Dollar Stores Revive and Warehouse Clubs Gain MomentumUS CPG Sales Tracker: CPG E-Commerce Growth Eases from Prime Day Peak; General Merchandise Decline Confirms Pull-Forward EffectBeauty Shopping in Focus; Economic Sentiment Turns Negative: US Consumer Survey InsightsWeekly US Store Openings and Closures Tracker 2025, Week 19: Rite Aid Files for Bankruptcy—Again
