Next plc Surpasses Sales Expectations, Raises Profit Guidance

An announcement from Next plc ( (GB:NXT) ) is now available.

Next plc reported a robust performance in the third quarter, with full price sales increasing by 10.5% compared to the previous year, significantly surpassing their guidance. The company saw notable growth in both UK and international markets, with overseas sales rising by 38.8%. As a result of this strong performance, Next has raised its full-year profit guidance by £30 million to £1,135 million. The company also plans to distribute surplus cash through a special dividend, reflecting its strong cash generation and financial health.

The most recent analyst rating on (GB:NXT) stock is a Buy with a £15000.00 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 scores well due to its strong financial performance and positive technical indicators. The company’s robust revenue growth and efficient equity use are significant strengths. However, the stock’s valuation is not particularly attractive, and technical indicators suggest caution due to potential overbought conditions. The absence of earnings call and corporate events data means these factors do not influence the score.

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

More about Next plc

Next plc is a prominent UK-based retailer specializing in clothing, footwear, and home products. The company operates through a combination of retail stores, online platforms, and international sales, with a strong market presence both domestically and overseas.

Average Trading Volume: 327,411

Technical Sentiment Signal: Buy

Current Market Cap: £15.62B

For a thorough assessment of NXT stock, go to TipRanks’ Stock Analysis page.