Next PLC Trading Statement (7808F)
October 31 2018 - 2:00AM
UK Regulatory
TIDMNXT
RNS Number : 7808F
Next PLC
31 October 2018
Date: Embargoed until 07.00hrs, Wednesday 31 October 2018
Contacts: Amanda James, Group Finance Director (analyst calls)
NEXT PLC Tel: 0333 777 8888
Alistair Mackinnon-Musson Email: next@rowbellpr.com
Rowbell PR Tel: 020 7717 5239
Photographs: http://www.nextplc.co.uk/media/image-gallery/campaign-images
Next plc
Trading Statement - 31 October 2018
SALES FOR THE YEAR TO 27 OCTOBER 2018
Full Price Sales for the Third Quarter and Year to Date
Full price sales in the third quarter were up +2.0% on last
year, in line with our expectations. The table below sets out the
sales performance for Retail, Online and our Finance business
interest income for the third quarter and year to date.
Third quarter
Full price sales (VAT exclusive) to 27 Oct Year to date
================================== ============== =============
Retail - 8.0% - 6.3%
Online +12.7% +14.8%
Product full price sales +1.3% +3.1%
============== =============
Finance interest income(1) +11.9% +12.3%
Total full price sales including
interest income +2.0% +3.7%
============== =============
Of which sales from new space +0.6% +0.5%
(1) Interest income is the gross interest billed to nextpay
customers.
FULL PRICE SALES AND PROFIT GUIDANCE FOR THE FULL YEAR
We are maintaining the full year sales and profit guidance that
we set out five weeks ago in our Half Year Results. For
completeness, this is shown in the table below.
Full year estimate to January 2019 Central guidance
========================================== =================
Total full price sales versus 2017/18 +3.0%
Group profit before tax GBP727m
Group profit before tax versus 2017/18 +0.1%
Earnings Per Share growth versus 2017/18 +5.0%
=================
CHRISTMAS TRADING STATEMENT
We intend to issue our usual update for sales to 24 December
2018 on Thursday 3 January 2019.
Forward Looking Statements
Certain statements in this Trading Update are forward looking
statements. These statements may contain the words "anticipate",
"believe", "intend", "aim", "expects", "will", or words of similar
meaning. By their nature, forward looking statements involve risks,
uncertainties or assumptions that could cause actual results or
events to differ materially from those expressed or implied by
those statements. As such, undue reliance should not be placed on
forward looking statements. Except as required by applicable law or
regulation, NEXT plc disclaims any obligation or undertaking to
update these statements to reflect events occurring after the date
these statements were published.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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October 31, 2018 03:00 ET (07:00 GMT)
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