Next has reported sales for the first two months of 4Q 2018/19 in line with its own guidance at +1.5% with retail -9.2% and online product +15.2%. The company has very slightly reduced its central PBT guidance for the current year from £727m to £723m. Generally, the online figure will re-assure investors who have been cautious post the December ASOS profit warning. To reinforce this the company’s first guidance on 2019/20 is at broadly the level of existing market expectatio

04 Jan 2019
Christmas Trading

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Christmas Trading
Next plc (NXT:LON) | 12,180 -15225 (-1.0%) | Mkt Cap: 14,964m
- Published:
04 Jan 2019 -
Author:
Tony Shiret -
Pages:
12 -
Next has reported sales for the first two months of 4Q 2018/19 in line with its own guidance at +1.5% with retail -9.2% and online product +15.2%. The company has very slightly reduced its central PBT guidance for the current year from £727m to £723m. Generally, the online figure will re-assure investors who have been cautious post the December ASOS profit warning. To reinforce this the company’s first guidance on 2019/20 is at broadly the level of existing market expectatio