NEXT plc reports Q1 full price sales up 6.2%
Sales exceeded forecast by £28m, adding £8m profit; full year profit guidance raised to £1,218m. Mitigates Middle East conflict costs via price increases and savings.
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British multinational clothing, footwear and home products retailer
nextplc.co.ukLast updated
In short: NEXT plc exceeded growth expectations, reporting record annual profits over £1 billion and raising its fiscal 2027 profit guidance to £1,218 million.
Sales exceeded forecast by £28m, adding £8m profit; full year profit guidance raised to £1,218m. Mitigates Middle East conflict costs via price increases and savings.
Since 2015, it has reached 28,000+ workers, supported 4,400 students, provided healthcare to 2,400 patients, and secured 257 jobs. This year, 42 children entered education and medical camps were organized.
Full price sales rise 10.9%, group profit before tax reaches £1,158m (up 14.5%). Guidance for next year maintained at 4.5% sales growth, profit up to £1,210m.
Vikram and Maroi join local team to launch it with 6 factories, 3 suppliers, and partner Phulki in Bangladesh and India.
Next plc has bought back 85,000 of its ordinary shares on the market for cancellation, at a volume-weighted average price of 12,608.2617p, executed through its...
The company—a bellwether for the U.K. retail sector—logged a 6.2% increase in full-price sales, better than the 4% rise anticipated.
Next PLC (LSE:NXT) stood out in a weakening UK clothing market, as overall apparel sales declined in March, according to UBS. Total UK apparel, footwear...
Experian appointed Adam Crozier to replace Mike Rogers as chair upon his retirement this summer. The credit-reporting agency on Tuesday said that Crozier, who currently...
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