Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Next    NXT   GB0032089863

NEXT (NXT)
Mes dernières consult.
Most popular
  Report  
Delayed Quote. Delayed  - 02/16 05:35:09 pm
4921 GBp   +1.97%
01/26UK stocks end two days of currency-driven declines
RE
01/25FTSE dips as pound gain weighs on exporters
RE
01/25ASOS hits fashion sweet spot of rising online demand
RE
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Next Profit to Beat Expectations

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/03/2014 | 09:35am CET

LONDON--U.K. clothing retailer Next PLC (>> NEXT plc) raised its full-year pretax profit forecast and announced a special dividend of 50 pence per share after strong online deliveries boosted its sales in the Christmas period.

Next, which has more than 500 stores in Britain and Ireland and nearly 200 in other countries, now expects to report a full-year pretax profit of between 684 million pounds ($1.13 billion) and GBP700 million, compared with its previous forecast of GBP650 million to GBP680 million.

"The step-up in Christmas trade was mainly down to improvements in our seasonal knitwear, nightwear and gift offer," Next said.

"In addition, increased confidence in online deliveries meant that more customers continued to trade with NEXT Directory right up to the weekend before Christmas."

Next benefited from its decision not to engage in heavy discounting before Christmas day unlike other retailers. Department store group Debenhams PLC (>> Debenhams Plc) earlier this week issued a profit warning after coping with "an unprecedented level of promotional activity" by competitors in the run-up to Christmas.

Shares closed Thursday at 5,530 pence, valuing the company at GBP8.57 billion.

Write to Rory Gallivan at [email protected]; Twitter: @RoryGallivan

Stocks mentioned in the article : NEXT plc, Debenhams Plc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NEXT
01/26UK stocks end two days of currency-driven declines
RE
01/25FTSE dips as pound gain weighs on exporters
RE
01/25ASOS hits fashion sweet spot of rising online demand
RE
01/19Factbox - How Britain's retailers fared over Christmas
RE
01/10Ted Baker shares rise on strong online holiday sales
RE
01/09Retailers help take Britain's FTSE to new record high close
RE
01/06M&S's clothing sales to fall again as UK grocers show resilience
RE
01/05Factbox - How Britain's retailers fared over Christmas
RE
01/05British retailers' December sales fall for fifth year running - BDO survey
RE
01/04Best day since April for leading euro zone stocks as growth data impresses
RE
More news
News from SeekingAlpha
2017U.K. Stocks For 2018, Part 2 
2017Daily OTC Markets Round-Up - 9/19/2017 
2017Next Group reports 1H results 
2017NEXT : The Retail Stock That U.K. Investors Can't Afford To Ignore 
2015Next raised to Buy at Nomura 
Financials ( GBP)
Sales 2018 4 121 M
EBIT 2018 759 M
Net income 2018 589 M
Debt 2018 859 M
Yield 2018 5,90%
P/E ratio 2018 12,07
P/E ratio 2019 12,23
EV / Sales 2018 1,92x
EV / Sales 2019 1,90x
Capitalization 7 061 M
Chart NEXT
Duration : Period :
Next Technical Analysis Chart | NXT | GB0032089863 | 4-Traders
Technical analysis trends NEXT
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 46,3  GBP
Spread / Average Target -5,9%
EPS Revisions
Managers
NameTitle
Simon Adam Wolfson Chief Executive Officer
Michael James Roney Chairman
Michael Law Executive Director & Group Director-Operations
Amanda James Executive Director & Group Director-Finance
Francis William Salway Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
NEXT6.65%9 806
SM INVESTMENTS CORPORATION--.--%22 814
TRACTOR SUPPLY COMPANY-9.03%8 538
DUFRY-4.76%8 086
MARKS & SPENCER GROUP-6.93%6 729
MICHAELS COMPANIES INC4.34%4 542