World Footwear

Companies

Next raises full year profit outlook

Jan 9, 2025 United Kingdom
Next raises full year profit outlook
Following a strong Christmas trading period, the British fashion retailer has raised its profit before tax forecast for the current financial year by 5 million British pounds to 1.010 billion British pounds
In the nine weeks to the 28th of December, Next delivered full price sales growth of 6.0% over the same period last year, driven by a strong Christmas trading period. Adjusted for this timing, underlying full price sales - the company’s preferred measure, which excludes exceptional and other one-off items - were up by 5.7%, as compared with the previous guidance for the period of a 3.5% increase.

The UK retailer highlighted that UK growth in the period was in line with the rest of the year (up by 2.5% year-on-year), but online sales growth (6.1% year-on-year) increased at the expense of retail growth (down by 2.1% year-on-year). In addition, oversee sales (up by 31% year-on-year) unexpectedly accelerated in the run-up to the Christmas.

The over-achievement added 27 million pounds (32.2 million euros) to full price sales and increased the company’s full year profit before tax guidance by 5 million (6.0 million) to 1.010 billion British pounds (1.20 billion euros). Therefore, the group’s profit before tax is now estimated to grow by 10%  and pre-tax earnings per share (EPS) will be up by 11.5%.

Fiscal 2026 Guidance

For the year ending January 2026, Next forecasts full price sales growth of 3.5% year-over-year and profit before tax of 3.6% year-over-year to 1.046 million British pounds (1.25 billion euros).

However, Next warned that it was cautious about its sales outlook both in the UK and overseas. In fact, Growth in the UK is likely to slow as higher employer tax costs start to feed through to the economy, while overseas growth will moderate after previously benefiting from a boost in marketing spend.


1 GBP = 1.19 EUR

Image Credits: nextplc.co.uk


Related Events

  • Jan
    21
    Jan 21-Jan 21, 2025 | London, United Kingdom

    Lineapelle London

  • Feb
    2
    Feb 2-Feb 5, 2025 | London, United Kingdom

    Pure London

  • Feb
    2
    Feb 2-Feb 5, 2025 | Birmingham, United Kingdom

    Moda

  • Feb
    20
    Feb 20-Feb 24, 2025 | London, United Kingdom

    London Fashion Week

Related Organizations

  • Leather Conservation Centre

    Leather Conservation Centre

    United Kingdom
  • ICLT - Institute for Creative Leather Technologies (University of Northampton)

    ICLT - Institute for Creative Leather Technologies (University of Northampton)

    United Kingdom
  • SLTC - Society of Leather Technologists and Chemists

    SLTC - Society of Leather Technologists and Chemists

    United Kingdom
  • BRC - British Retail Consortium

    BRC - British Retail Consortium

    United Kingdom