Next Raises FY PBT Outlook to GBP 1,255 Million

By Reuters News

Sept 17 (Reuters) - Next PLC NXT.L:

  • NEXT PLC - RESULTS FOR THE HALF YEAR

  • NEXT PLC: HY FULL PRICE SALES1 UP +7.7%, TOTAL SALES INCLUDING MARKDOWN UP +8.9%

  • NEXT PLC: WE HAVE INCREASED GUIDANCE FOR SALES BY +£22M AND PROFIT BY +£12M FOR FY

  • NEXT PLC: UPGRADE IN FY PROFIT COMPRISES +£5M FROM INCREASE IN SALES, +£7M FROM BETTER THAN ANTICIPATED COST SAVINGS, PARTICULARLY IN WAREHOUSING

  • NEXT PLC: H2 FULL PRICE SALES GUIDANCE FOR UK +2.0%

  • NEXT PLC: FY FULL PRICE SALES GUIDANCE FOR UK +2.7%

  • NEXT PLC: FY TOTAL FULL PRICE SALES GUIDANCE +6.7%

  • NEXT PLC: GROWTH IN INTERNATIONAL SALES IN H2 IS EXPECTED TO MODERATE IN THE SECOND HALF,

  • NEXT PLC: IN YEAR WE WILL SPEND £1.2M ON AI IN TECHNOLOGY.

  • NEXT PLC: BELIEVE SOME OF GROWTH IN Q2 WAS DRIVEN BY PENT-UP DEMAND; SO IT IS UNLIKELY TO CONTINUE AT SAME RATE GOING FORWARD

  • NEXT ON UK ECONOMY: PRIMARY CONCERNS ARE RISING INFLATION, HIGHER MORTGAGE INTEREST COSTS AND WEAK EMPLOYMENT MARKET

  • NEXT ON UK ECONOMY: IN OUR VIEW, BEST OUTCOME FOR UK GROWTH WOULD BE A CREDIBLE PLAN TO GET GOVERNMENT SPENDING UNDER CONTROL

  • NEXT OUTLOOK FY PRETAX PROFIT GBP 1,255 MILLION

  • NEXT H1 PRETAX PROFIT GBP 569 MILLION

  • NEXT H1 REVENUE GBP 3,540 MILLION

  • NEXT OUTLOOK FY TOTAL GROUP SALES GBP 7,500 MILLION

  • NEXT H1 DIVIDEND GBP 3.19

Further company coverage: NXT.L

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