Home / Knowledge / News / Apparel/Garments / Fashion retailer Next hikes 2015 PBT guidance by £25mn
Fashion retailer Next hikes 2015 PBT guidance by £25mn
29
Jul '14
As a result of the better than expected first half performance, UK-based fashion retailer, Next plc has raised its profit guidance by £25 million. 
 
This was revealed in the latest trading statement for 26 weeks to July 29 released by Next plc today. 
 
Next Brand sales for the first half of the financial year were up 10.7 percent, of which 2.4 percent came from opening of profitable new space. In the same period, Next Retail sales were up 7.5 percent and Next Directory was up 16.2%. 
 
For the full fiscal year to January 2015, Next has revised the lower guidance range for total brand sales from 5.5 percent to 7 percent and has upped the upper range by 0.5 percent to 10 percent.
 
Next has also revised the PBT lower and upper guidance, in hiking it by £25 million to £775 million and £815 million, respectively. 
 
The lower and upper guidance for EPS has also been raised by 4 percent to 12 and 18 percent, respectively for the full fiscal year 2015. 
 
The statement said, “Sales are currently ahead of the 5.5% - 9.5% full year growth guidance we gave in April. We are therefore raising and narrowing our sales guidance range for the year to 7% - 10%.”
 
The statement added, “It might appear overly cautious to forecast a full year sales range which is below our current rate of growth. However, last year’s first two quarters were hampered by a particularly cold Spring and Easter which presented a soft comparison for this year.” 
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 3rd May 2016

China’s cotton reserve sales begin May 3

China’s cotton reserve sales which begins tomorrow, are likely to...

Apparel/Garments | On 3rd May 2016

US apparel & footwear industry to remain stable

The outlook for the US apparel and footwear industry remains stable...

Courtesy: Columbia Sportswear

Apparel/Garments | On 3rd May 2016

Columbia Sportswear’s Q1 FY16 sees record growth

Columbia Sportswear reported record first quarter results in fiscal...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

What benefits can MSMEs have from GOTS certification? What is the...

Shishir Goenka
Fusion Clothing Company

How is hemp a sustainable fabric? What makes it sustainable?

Rajiv Sirohi
Shara

What kind of fabric is in demand in export markets of home textiles? What...

Urs Stalder
Sanitized AG

<b><i>Urs Stalder, CEO, Sanitized AG, talks about the increasing use of...

Marten Alkhagen
Swerea IVF AB

<b><i>Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles...

Dr. Rene Wollert
Freudenberg Nonwovens

<i><b>Dr. Rene Wollert</b> discusses the current scenario of the global...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search