Company Earnings Update 3 minutesRegister for Free AccessNext (LSE: NXT) 2Q20 Update: Strong Quarter Prompts Raised Guidance Coresight Research August 1, 2019 Executive Summary Next reported strong 2Q20 full-price product sales growth of 3.7%, compared to 4% growth in the previous quarter and beating the consensus estimate of 0.1% growth recorded by StreetAccount. The retail segment continued to underperform with a 4.2% decline while the online segment posted strong full-price sales growth of 12%. The company lifted FY20 guidance, with retail sales expected to decline 5.1% year over year at mid-point, compared to previous guidance of an 8.5% decline, and online sales to grow 11.8% at mid-point compared to the previous guidance of 11% growth. 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: US Apparel and Beauty Spending Tracker, November 2023: Holiday Fuels Accelerated Clothing and Footwear SpendingFebruary 2024 US Retail Sales: Growth Accelerates—Electronics Stores Rebound; Nonstore Retailers See Strong GrowthWeinswig’s Weekly: Deploying Tech for Leading-Edge Loss Prevention in RetailWeekly US and UK Store Openings and Closures Tracker 2024, Week 18: J Sainsbury Closing 25 Argos Stores in the UK This Year