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: Weekly US and UK Store Openings and Closures Tracker 2023, Week 25: UK Store Openings Cross 1,000Calm Before Holiday Shopping Season Begins: US Consumer Survey Insights 2023, Week 42Amazon Apparel US Consumer Survey 2023: Understanding Amazon Fashion and Why Consumers Choose ItInnovator Matrix: Workforce Management
