Next reported a full-price sales increase of 0.7% in Q2. Ytd full-price sales were down 1.2%. The outperformance of the Directory’s revenue was striking, surging by 11.4% in Q2, driven by strong momentum in both the UK and overseas. Retail declined by 7.4% in the quarter and 7.7% in H1. Total sales, including markdowns, were down 2.1% in Q2 and 2.3% in H1. The slowdown is expected to continue in H2 and full-price sales are expected to retreat by 1.2%. The lower guidance was raised to -3
03 Aug 2017
Q2: good surprise from the Directory
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Q2: good surprise from the Directory
Next plc (NXT:LON) | 8,782 -6147.4 (-0.8%) | Mkt Cap: 11,164m
- Published:
03 Aug 2017 -
Author:
Rim BEN SALAH -
Pages:
2
Next reported a full-price sales increase of 0.7% in Q2. Ytd full-price sales were down 1.2%. The outperformance of the Directory’s revenue was striking, surging by 11.4% in Q2, driven by strong momentum in both the UK and overseas. Retail declined by 7.4% in the quarter and 7.7% in H1. Total sales, including markdowns, were down 2.1% in Q2 and 2.3% in H1. The slowdown is expected to continue in H2 and full-price sales are expected to retreat by 1.2%. The lower guidance was raised to -3