Company Earnings UpdateNext (LON: NXT) 4Q17 Trading Update: Meaningful Top-Line Miss and Weak Outlook Coresight Research January 5, 2016 Executive Summary British fashion retailer Next reported that Next Brand full-price sales were down 0.4% for 4Q17. This was well below analysts’ expectations. Following the 4Q17 trading results, the company has lowered its central guidance for FY17 sales, profit before tax (PBT) and earnings per share (EPS). Next now forecasts total full-price sales growth for the Next Brand will be down 1.0%, PBT down 3.6% year over year and EPS down 0.6%. Next expects FY18 to be another challenging year. Following the devaluation of the pound, the company expects to increase product prices by up to 5%, which management expects to depress sales revenue by approximately 0.5%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Innovator Profile: Sotira—Monetizing Surplus Inventory with Automated Compliance, Logistics and Resale ChannelsSentiment Hits Four-Month Low as Higher-Income Confidence Weakens; Plus, Mass Merchandisers and Warehouse Clubs in Focus: US Consumer Survey InsightsTrends and Predictions for 2025 with Updates from CES and NRF: Premium Subscriber Call, January 2025Groceryshop 2025 Wrap-Up: Reinventing Grocery for an AI-Driven, Health-Focused and Value-Conscious Era
