Second-quarter full-price sales rose 9.2%, compared to guidance of 4.0%. Performance was driven by strength in International online sales, which increased 36.9%, with UK online sales up 5%. This more than offset a small decline in Retail Stores.
Next has upgraded full-year guidance, with full-price sales now expected to grow by 6.3% to £6.0bn, and pre-tax profit to rise 7.3% to £1.2bn.
The shares rose 7.1% in early trading.
Our view
HL view to follow.
Next key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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