Next posts marginal drop in sales, maintains profit outlook

Image : Next Plc In the thirteen weeks to April 29, 2023, full price sales at Next plc were down 0.7 percent versus last year, moderately ahead of the company’s guidance for this period, which was to be down 2 percent. The company is maintaining sales and profit guidance for the full year, with pre-tax profit forecast to be 795 million pounds and earnings per share (EPS) of 501.9p. The company said, total trading sales, including markdown and clearance sales, were up 1.2 percent versus last year, driven by higher clearance sales. To maintain its first half forecast, Next has moderated sales forecast for the second quarter, which is now planned to be 5 percent down on last year compared to previous guidance of down 4 percent.
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