NEXT is a UK based retailer offering exciting, beautifully designed, excellent quality

fashion and accessories for men, women and children together with a full range of

homewares# NEXT distributes through three main channels:


■NEXT Retail, a chain of more than 500 stores in the UK and Eire;
■NEXT Directory, a home shopping catalogue and website with around 3 million active customers and international websites serving approximately 50 countries; and
■NEXT International, with almost 200 mainly franchised stores around the world#
Other businesses in the NEXT group include:■NEXT Sourcing, which designs, sources and buys NEXT branded products;
■Lipsy, which designs and sells its own branded younger women's fashion products through retail, internet and wholesale channels; and
The parent company, NEXT plc, is listed on the London Stock Exchange #LSE: NXT#L# and is a member of the FTSE 100 Index# Total revenues for the year ended January 2012 were £3#5 billion with underlying pre-tax profits of £570 million# NEXT's head office is located in Enderby on the outskirts of Leicester, England

http://www.next.co.uk/

12:40 09/07/2018
Broker Forecast - HSBC issues a broker note on Next PLC
HSBC today reaffirms its hold investment rating on Next PLC (LON:NXT) and raised its price target to 5550p (from 4600p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

13:20 18/07/2018
Broker Forecast - RBC Capital Markets issues a broker note on Next PLC
RBC Capital Markets today reaffirms its outperform investment rating on Next PLC (LON:NXT) and raised its price target to 6700p (from 6300p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

Trading statement

08:30 02/08/2018
Broker Forecast - Deutsche Bank issues a broker note on Next PLC
Deutsche Bank today reaffirms its hold investment rating on Next PLC (LON:NXT) and cut its price target to 5400p (from 5450p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

Proactive investor -

Summer sun hoped to have shone on Next interims, but will full-year guidance still be maintained?

11:50 24 Sep 2018


In a trading update published on 1 August, Next said its full price sales increased by 4.5% in the first half
After a fabulous summer of sun in the UK, investors will be keen to see if blue-chip clothing retailer Next Plc (LON:NXT) performed well when it reports first-half results on Tuesday.
In a second-quarter trading update published on 1 August, the FTSE 100-listed company said its full price sales increased by 4.5% in the first half, with online sales up 15.5% and retail sales down 5.3%.


Next then maintained its estimate for full-year 2019 pre-tax profit at £717mln, a 1.3% decrease on the prior year.
However, clouds have begun to gather over the sector in the past few months, and Next’s update showed sales growth slowed in the second quarter as it said some sales might have been brought forward from August.
Graham Spooner, investment research analyst at The Share Centre said the fact that full-year guidance was not raised at that point was also seen as disappointing by some, so again there will be much attention paid to that.

Half year results

.

These could benefit massively from Brexit.

In what way Dil ?

Lower tariffs on it's imports.

I've been impressed how quickly they've got back on track over the last 12 months , I thought it was the start of a slippery slope.

4 Oct
JP Morgan...
N/A
Neutral

16 Oct
RBC Capital...
N/A
Outperform

Credit Suisse today upgrades its investment rating on Next PLC (LON:NXT) to neutral (from underperform) and raised its price target to 5800p (from 4350p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

I've just noticed - the flag GG (I assume Georgia) isn't correct?

Don't tell everyone. lol Must be Guernsey.

No - Georgia and Guernsey:-

Just squint. lol

Trading statement

31 Oct
UBS
N/A
Buy
31 Oct
Peel Hunt
N/A
Hold

31 Oct
Shore Capital
N/A
Hold

31 Oct
Liberum Capital
N/A
Hold

Proactive investor -

Next's Christmas trading to be hit by Brexit and mild weather, says Jefferies
Share
10:28 21 Dec 2018
In a note to investors, titled a “Messy Xmas”, Jefferies maintained a ‘hold’ rating on Next but cut its target price to 4,600p from 5,600p.

Jefferies expects a 3% cut to Next's full year pre-tax profit guidance
Mild weather and a Brexit-induced weakness in consumer confidence are bound to have affected Next PLC’s (LON:NXT) Christmas trading performance, Jefferies said.
In a note to investors, titled a “Messy Xmas”, Jefferies maintained a ‘hold’ rating on Next but cut its target price to 4,600p from 5,600p.

Next will be the first retailer to report its Christmas trading update on January 3.
Jefferies expects a 3% cut to the fashion retailer’s full year pre-tax profit guidance of £727mln, saying recent comments from peers and industry data confirmed the UK apparel market saw a solid October but a weak November.
ASOS PLC (LON:ASOS) issued a profit warning on Monday after a poor trading performance in November, a key month for the online fashion retailer.
The news dented investors’ hopes that Christmas sales would help retailers turn around its sales performance for the year.

"Whilst some big days of December trading are still ahead of us, we don't expect the protracted softness which spilled into December to be recovered," Jefferies said.
"Looking at the early months of 2019, much of the outlook continues to be dictated by what shape the Brexit discourse will take."
The first quarter of 2019 will be compared to last year’s weak performance when the so-called ‘Beast from the East’ meant customers stayed indoors during icy temperatures and heavy snowfall.RE
READ: Next shares slip as sales at retail stores fall further in third quarter
Jefferies said this makes for “good chances” of a solid transition into spring and summer clothing ranges.
“But whether UK consumers take full advantage of their improved ability to spend (with disposable income growth currently at more than 3%) will depend on politicians steering the Brexit process through calmer waters (the w/c 14 January parliamentary vote being the next big step),” the broker said.
Jefferies cuts profit forecast for Next
Against a tough retail backdrop, Jefferies estimates Next will report a 13% decline in like-for-like sales at its retail stores in the fourth quarter, compared to the 10.2% drop it previously expected. This is expected to be offset by growth in the Directory, Label and international businesses.
“We assume Xmas trading performance slightly softer than that in retail, with full price retail like-for-like -13.5% giving Brand sales of -2.9%.
“Combined with a slightly softer gross margin estimate (given no progress in mix in favour of full price sales in Q4) this sees us cut our full year pre-tax profit forecast from £726mln to £705mln (vs current guidance at £727mln).”
For the 2019/20 financial year, Jefferies expects pre-tax profit of £706mln, supported by full price brand growth of 3.1% (Retail like-for-like -4.7%, Directory +10%).
Jefferies said the recent sell-off has seen the shares de-rate to a FSTE discount of 20%, versus an historic range of -30% to 30%.
The broker currently prefers “more growthy” names like Primark owner Associated British Foods PLC (LON:ABF) and B&M European Value Retail (LON:BME), which have “experienced as extreme a reset in the valuation context”.