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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Research Preview: The Future of MallsThree Data Points We’re Watching This WeekChina Consumer Tracker: Multiple Categories Shift Toward E-Commerce, Away from In-Store PurchasingWeinswig’s Weekly: A Year in Review and Future Opportunities
