Next plc Reports Strong Q2 Sales and Raises Profit Guidance

Next plc ( (GB:NXT) ) has shared an announcement.

Next plc reported a strong performance in the second quarter, with full price sales increasing by 10.5% compared to the previous year, surpassing their guidance by £49 million. This growth was attributed to favorable weather conditions in the UK and effective digital marketing internationally. Consequently, the company has raised its full-year profit guidance by £25 million to £1,105 million. Despite this positive performance, Next remains cautious about the second half, expecting a slower growth rate in the UK due to economic factors and strong comparative figures from the previous year. However, international online sales are expected to continue growing robustly, with guidance upgraded from 13.1% to 19.4%.

The most recent analyst rating on (GB:NXT) stock is a Buy with a £10800.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.

Spark’s Take on GB:NXT Stock

According to Spark, TipRanks’ AI Analyst, GB:NXT is a Outperform.

Next plc exhibits strong financial performance with consistent growth and robust operational margins. While technical analysis shows stable trends, valuation metrics are average. Corporate events indicate positive strategic moves, but the CEO’s share sale may affect market perception.

To see Spark’s full report on GB:NXT stock, click here.

More about Next plc

Next plc operates in the retail industry, offering a wide range of clothing, footwear, accessories, and home products through its retail stores and online platforms. The company has a significant market presence in the UK and internationally, focusing on providing high-quality fashion and homeware products.

Average Trading Volume: 305,378

Technical Sentiment Signal: Buy

Current Market Cap: £14.23B

For an in-depth examination of NXT stock, go to TipRanks’ Overview page.