Q1 revenue decreased slightly by 0.2% and full-price sales retreated by 0.9%. Directory’s sales have outperformed with growth of 4.2% thanks to better stock availability. Retail’s revenues were down by 4.7%. New space has drawn 1.6% growth to overall sales. Home and furniture’s full-price sales surged by 7%. The quarter’s performance was pulled down by lacklustre sales in April. The company confirmed that its cash-flow generation remains strong.
04 May 2016
Unsatisfactory Q1 figures
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Unsatisfactory Q1 figures
Next plc (NXT:LON) | 9,246 4992.8 0.6% | Mkt Cap: 11,754m
- Published:
04 May 2016 -
Author:
Rim BEN SALAH -
Pages:
2
Q1 revenue decreased slightly by 0.2% and full-price sales retreated by 0.9%. Directory’s sales have outperformed with growth of 4.2% thanks to better stock availability. Retail’s revenues were down by 4.7%. New space has drawn 1.6% growth to overall sales. Home and furniture’s full-price sales surged by 7%. The quarter’s performance was pulled down by lacklustre sales in April. The company confirmed that its cash-flow generation remains strong.