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

NEXT (NXT)
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Next Profit to Beat Expectations

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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
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2015 Next raised to Buy at Nomura
2015 The Weekender
Financials ( GBP)
Sales 2018 4 087 M
EBIT 2018 751 M
Net income 2018 589 M
Debt 2018 862 M
Yield 2018 7,07%
P/E ratio 2018 10,91
P/E ratio 2019 11,13
EV / Sales 2018 1,77x
EV / Sales 2019 1,75x
Capitalization 6 389 M
Chart NEXT
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Next Technical Analysis Chart | NXT | GB0032089863 | 4-Traders
Technical analysis trends NEXT
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 24
Average target price 43,9  GBP
Spread / Average Target 0,48%
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
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