Insight Report 4 minutes PremiumNext (LON:NXT) FY16 RESULTS: SALES BEAT CONSENSUS, CAUTIOUS OUTLOOK FOR FY17 Coresight Research March 24, 2016 Executive Summary British fashion retailer Next reported £4,176.9 million in group revenues, in the 53 weeks ending January 30, 2016, beating the consensus estimate of £4,141.6 million and up 4.4% from £3,999.8 million in the 52 weeks to January 24, 2015. Diluted EPS was 443 pence for FY16, up 6.0% from 417.9 pence in FY15 and beating the consensus estimate of 431 pence. In FY17, the company expects total full price sales growth of the Next Brand to be between the range of -1.0% to +4.0%. At the mid-point of 1.5% of the guidance range, Next Brand sales are expected to be £4,092.7 million, lower than the current consensus estimate of £4,297.9 million. 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: Chinese New Year 2024 Preview: Good Fortune for Retail as the Year of the Dragon Takes Off—China Retail InsightsRite Aid Bankruptcy: What Does It Mean for Rivals?September 2023 Monthly Consumer Update: US, UK and ChinaUS Metaverse Fashion Market: Rapid Growth Ahead Despite Six Key Challenges