The British clothing retailer has just published its FY20 results (ended in January). Although both total revenue and pre-tax profit were slightly below consensus expectations, the accelerated shift in online business has led the group to upgrade (again) its outlook for FY2021.
The group expects pre-tax profit to reach £700m for FY21, beating consensus and our expectations.
01 Apr 2021
Online-first retailer
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Online-first retailer
Next plc (NXT:LON) | 9,176 -1468.2 (-0.2%) | Mkt Cap: 11,665m
- Published:
01 Apr 2021 -
Author:
Jie Zhang -
Pages:
3
The British clothing retailer has just published its FY20 results (ended in January). Although both total revenue and pre-tax profit were slightly below consensus expectations, the accelerated shift in online business has led the group to upgrade (again) its outlook for FY2021.
The group expects pre-tax profit to reach £700m for FY21, beating consensus and our expectations.