Insight Report 3 minutes PremiumNext (LSE: NXT) FY18: In-Line Results, but Store Comp Decline of Almost 10% Weighs on Profits Coresight Research March 26, 2018 Executive Summary A near-10% decline in store-based comparable sales weighed on Next’s profits in FY18, ended January 2018. Total Next Group sales were down 1.0% year over. EBIT was down 8.2% and pretax profit was down 8.1% year over year. For FY19, Next expects to see total group full-price sales growth of 1.0%, fueled by Next Online full-price sales growth of 10.3%. But it is guiding for a further decline in pretax profits. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Holiday 2024—Amazon Reigns While Apparel Shines: US Consumer Survey InsightsThe Collapse of the Kroger-Albertsons Merger: Implications for the US Grocery and CPG MarketsThe Coresight Research CORE Framework for Generative AI in RetailWeinswig’s Weekly: Walmart Leans In on Automation To Boost Margins
