Next published good FY21/22 figures, exactly in line with the updated guidance (6 January) and consensus.
However, the group cut its guidance for FY22/23 (February 2022-January 2023) due to the suspension of activity in Ukraine and Russia and the inflationary environment.
We believe the limited guidance downgrade is a wake-up call to the non-food retail sector; the uncertain consequences of the Russian-Ukraine conflict will not be limited to the losses from the temporary suspension of their ac ....
25 Mar 2022
FY22 guidance downgrade
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FY22 guidance downgrade
Next plc (NXT:LON) | 8,705 -11316.5 (-1.5%) | Mkt Cap: 11,066m
- Published:
25 Mar 2022 -
Author:
Jie Zhang -
Pages:
5
Next published good FY21/22 figures, exactly in line with the updated guidance (6 January) and consensus.
However, the group cut its guidance for FY22/23 (February 2022-January 2023) due to the suspension of activity in Ukraine and Russia and the inflationary environment.
We believe the limited guidance downgrade is a wake-up call to the non-food retail sector; the uncertain consequences of the Russian-Ukraine conflict will not be limited to the losses from the temporary suspension of their ac ....