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

NEXT (NXT)
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Delayed Quote. Delayed  - 06/22 05:35:21 pm
6010 GBp   +1.25%
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Next Profit to Beat Expectations

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01/03/2014 | 09:35am CEST

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
Stocks mentioned in the article
ChangeLast1st jan.
DEBENHAMS PLC 7.02% 17.23 Delayed Quote.-50.42%
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Financials ( GBP)
Sales 2019 4 166 M
EBIT 2019 752 M
Net income 2019 587 M
Debt 2019 1 030 M
Yield 2019 2,66%
P/E ratio 2019 14,26
P/E ratio 2020 13,69
EV / Sales 2019 2,27x
EV / Sales 2020 2,23x
Capitalization 8 440 M
Chart NEXT
Duration : Period :
Next Technical Analysis Chart | NXT | GB0032089863 | 4-Traders
Technical analysis trends NEXT
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 50,4  GBP
Spread / Average Target -16%
EPS Revisions
Managers
NameTitle
Simon Adam Wolfson Chief Executive Officer & Executive Director
Michael James Roney Chairman
Michael Law Group Director-Operations
Amanda James Group Director-Finance & Executive Director
Francis William Salway Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
NEXT32.82%11 209
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DUFRY-5.94%7 426
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OLLIE'S BARGAIN OUTLET HOLDINGS INC38.59%4 601
STAMPS.COM INC.34.39%4 528