Company Earnings Update 3 minutesRegister for Free AccessNext (LON: NXT) 4Q17 Trading Update: Meaningful Top-Line Miss and Weak Outlook Coresight Research January 5, 2016 Executive Summary British fashion retailer Next reported that Next Brand full-price sales were down 0.4% for 4Q17. This was well below analysts’ expectations. Following the 4Q17 trading results, the company has lowered its central guidance for FY17 sales, profit before tax (PBT) and earnings per share (EPS). Next now forecasts total full-price sales growth for the Next Brand will be down 1.0%, PBT down 3.6% year over year and EPS down 0.6%. Next expects FY18 to be another challenging year. Following the devaluation of the pound, the company expects to increase product prices by up to 5%, which management expects to depress sales revenue by approximately 0.5%. 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: Earnings Insights 4Q22, Week 4: Crocs Posts Strong Sales Momentum; Herbalife Sees Sales DeclinesWeinswig’s Weekly: Here’s How US Consumers Will Spend Labor DayThree Things You Need To Know: Inclusivity in Retail—Opportunities for 2023Essentials Resilient While Select Discretionary Categories Experience Downturn: China Consumer Survey Insights
