Company Earnings UpdateNext (LSE: NXT) 1H19 Results: Better-Than-Expected Margin Improvement Prompts Full Year Guidance Upgrade Coresight Research September 26, 2018 Executive Summary Next reported 1H19 revenues of £1,961.9 million, up 3.1% year over year. Diluted EPS came in at 184.5 pence, up 4.5% year over year, broadly in line with the consensus estimates of 184.7 pence. The online business turned in a robust performance while Next Retail (in-store) sales continued to decline. Next guided for FY19 full price sales growth of 3%, ahead of the consensus estimate of 1.7%, and expects EPS to grow by 5%, which is ahead of the consensus estimate of 3.1%. The company also raised its central guidance for full year pre-tax profits by £10 million to £727 million. 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: Economic Sentiment Climbs; Walmart Overtakes Lowe’s in Home-Improvement Sector: US Consumer Survey InsightsSNAP Policy Changes and Funding Cuts: Impact on RetailersSupreme Court Ruling on Tariffs: Assessing Consumer Awareness and Sentiment—Data GraphicStore Growth and Tenant Shifts at US Malls: Analyzing Trends by Tier with the Store Intelligence Platform
