Insight Report 3 minutes Premium

Next (LSE:NXT) 1H17 RESULTS: SLIGHT SALES BEAT BUT BOTTOM LINE MISS

Executive Summary

  • British fashion retailer Next reported £1,957.1 million in group revenues in the 26 weeks ending July 30, 2016, and beat the consensus estimate of £1,924.9 million, up 2.6% from £1,907.4 million in the 26 weeks that ended July 25, 2015.
  • 1H17 diluted earnings per share (EPS) was 187.1 pence for 1H17, up 1.9% from 183.7 pence in 1H16 and missed the consensus estimate of 188 pence.
  • In FY17, the company expects total full-price sales growth of the Next Brand to be between the range of (2.5)% to +2.5%. The company expects FY17 profit before tax (PBT) in the range of €775 million and €845 million, to fall in the range of (5.6)% and +2.9% year-over-year growth in profit before tax (PBT). FY17 EPS-growth is expected to fall between (2.5)% and +6.3%.

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.