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Company Earnings Update

Next (LSE: NXT) 1Q20 Update: Strong First Quarter but Management Cautious on Rest of Year

Coresight Research

Key Points

  • Next reported strong 1Q20 full-price product sales growth of 4.0%, with inferred comparable product sales growth of 3.7%.
  • In-store sales growth came in ahead of expectations, with e-commerce growth marginally behind consensus.
  • Management said its 1Q20 overperformance cannot be extrapolated through to the rest of the year, as comparatives will become more demanding in the second quarter.

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