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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  NEXT plc    NXT   GB0032089863

Delayed Quote. Delayed  - 07/27 05:35:03 pm
5005 GBp   +0.62%
07/27 NEXT : *hsbc cuts next plc price target to 4485 pence - 'hold'
07/25 DIRECTOR DEALIN : French Connection Non-Executive Buys 50,000 Shares
07/22 NEXT : *barclays cuts next plc price target to 6000 pence - 'overwei..
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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 rory.gallivan@wsj.com; Twitter: @RoryGallivan

Stocks mentioned in the article : NEXT plc, Debenhams Plc
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Latest news on NEXT PLC
07/27 NEXT : *hsbc cuts next plc price target to 4485 pence - 'hold'
07/25 DIRECTOR DEALINGS : French Connection Non-Executive Buys 50,000 Shares
07/22 NEXT : *barclays cuts next plc price target to 6000 pence - 'overweight'
07/21 British clothing retailers face Brexit double whammy
07/15 NEXT : *bernstein cuts next plc to 'underperform' ('mp') - target 4600 pence
07/15 *TRADERS : Bernstein cuts next plc to 'underperform' ('market-perform')
07/07 M&S reports worst clothing sales fall for a decade
07/07 NEXT PLC : ex-dividend day for final dividend
07/05 NEXT : *jefferies cuts next plc price target to 4600 pence - 'hold'
06/30 NEXT : *hsbc cuts next plc price target to 5,055 (5,500) pence - 'hold'
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Financials ( GBP)
Sales 2017 4 187 M
EBIT 2017 836 M
Net income 2017 644 M
Debt 2017 742 M
Yield 2017 4,10%
P/E ratio 2017 11,40
P/E ratio 2018 10,99
EV / Sales 2017 1,93x
EV / Sales 2018 1,88x
Capitalization 7 327 M
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Mean consensus HOLD
Number of Analysts 26
Average target price 53,9  GBP
Spread / Average Target 8,3%
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Managers
NameTitle
Simon Adam Wolfson Chief Executive Officer & Executive Director
Robert John Orr Barton Chairman
Michael Law Executive Director & Group Director-Operations
Amanda James Executive Director & Group Director-Finance
Stephen David Barber Independent Non-Executive Director
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Sector and Competitors
1st jan.Capitalization (M$)
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