Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 9,338.00
Bid: 9,330.00
Ask: 9,332.00
Change: 2.00 (0.02%)
Spread: 2.00 (0.021%)
Open: 9,326.00
High: 9,400.00
Low: 9,292.00
Prev. Close: 9,336.00
NXT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Next affected by 'volatile' trading in third quarter

Wed, 31st Oct 2012 07:09

High Street fashion and homewares retailer Next said that its sales performance was 'volatile' in the third quarter with stronger sales in late September and early October offsetting an unusually quiet start to August.The group had already flagged in its interim results that sales at the start of the third quarter had been "disappointing".When excluding VAT, Next Retail sales rose by 1.1% in the three-month period, Directory sales increased by 5.6% and Brand sales were 2.7% higher. Sales growth in Retail had accelerated from the first half (H1: +0.2%), but slowed down in Directory (H!: +13.3%) and Brand (H1: +4.5%).Year-to-date sale growth in Retail, Directory and Brand was 0.5%, 10.4% and 3.8%.The company said: "Overall sales performance remains volatile, making it hard to draw conclusions from any one short period of time.  We expect total sales in the final quarter to increase broadly in line with sales for the year-to-date.  Accordingly we are narrowing our full year sales guidance to a range of +3.0% to +4.5%."This narrower sales guidance and a clearer outlook on costs has enabled Next to give a more precise profit range.The firm now expects group pre-tax profit to be in the range £590-620m, compared with the previous guidance of £575-620m. This represents full-year growth of 3.5-8.7%.Growth in basic earnings per share on last year's 255.4p is now forecast to be 10-15%.
More News
6 Jan 2023 09:14

Credit Suisse downgrades Next to 'underperform'

(Sharecast News) - Credit Suisse downgraded Next on Friday to 'underperform' from 'neutral' as it said the shares were likely to underperform stocks that look cheap versus history.

Read more
6 Jan 2023 08:48

LONDON MARKET OPEN: Stocks higher with eyes on US payrolls data

(Alliance News) - Stock prices in London opened higher on Friday morning as investors looked ahead to key economic data out of the US, which may provide hints for the future of rate hikes from the Federal Reserve.

Read more
6 Jan 2023 07:46

LONDON BRIEFING: Clarkson expects full-year ahead of expectations

(Alliance News) - Stock prices in London were expected to open higher on Friday ahead of key US non-farm payrolls data and a services PMI print from the nation.

Read more
5 Jan 2023 17:12

Banks push FTSE 100 to nine-month highs; recession worries loom

FTSE 100 up 0.6%, FTSE 250 adds 0.4%

*

Read more
5 Jan 2023 17:07

European shares dip as media stocks slide, Fed worries resurface

Pearson leads media stocks lower on BofA downgrade

*

Read more
5 Jan 2023 16:56

LONDON MARKET CLOSE: Stocks make headway thanks to retailers

(Alliance News) - Stock prices in London closed higher, buoyed by optimism from strong retail updates, and shaking off hawkishness from the US Federal Reserve.

Read more
5 Jan 2023 13:58

Stocks stall as firm Fed reins in China rally

Fed rebuttal of rate cut bets keeps Europe's stocks subdued

*

Read more
5 Jan 2023 12:55

British shoppers defy cost-of-living crisis at Christmas

Early signs UK retailers' Christmas exceeded expectations

*

Read more
5 Jan 2023 12:08

LONDON MARKET MIDDAY: FTSE 100 continues to ride high on retail stocks

(Alliance News) - Stock prices in London were largely higher at midday on Thursday, as strong Christmas trading from clothing retailer Next helped to boost the FTSE 100.

Read more
5 Jan 2023 11:44

Travel and leisure below pre-pandemic levels, but recovery in sight

Retailers lead early charge higher

*

Read more
5 Jan 2023 11:20

Commodities: a strong 2023 is possible, but ...

Retailers lead early charge higher

*

Read more
5 Jan 2023 10:08

Big love for Big Tech even in Big, Bad 2022

Retailers lead early charge higher

*

Read more
5 Jan 2023 08:47

LONDON MARKET OPEN: FTSE 100 up on strong showing from retailers

(Alliance News) - Stock prices in London opened higher on Thursday, boosted by strong trading reports from UK retailers, lifting the mood after somewhat hawkish meeting minutes from the US Federal Reserve.

Read more
5 Jan 2023 08:14

TOP NEWS: Next ups outlook after stronger than expected Christmas

(Alliance News) - Next PLC on Thursday lifted its profit outlook and said its Christmas sales topped expectations, though it predicts the going to be tougher in its upcoming financial year.

Read more
5 Jan 2023 07:57

LONDON BRIEFING: Next, Greggs and B&M saw festive cheer

(Alliance News) - Stocks in London are set to open lower on Thursday in the wake of Federal Open Market Committee meeting minutes released on Wednesday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.