NEXT plc : Better Q2 sales, raising the FY profit target slightly
>Q2 sales above expectations, strong growth in Overseas online business - Last week Next reported better-than-expected sales for Q2 which is the quarter ending in July 2024. In Q2, full price sales were up 3.2% y-o-y, exceeding the company’s expectations. Given the exceptional summer last year, Next was forecasting flat full price sales. Full price sales in the UK (Online and Retail combined) were only slightly ahead of expectations (up 0.4%), but Overseas sales onlin...Next Group is a retailer engaged in providing clothing, footwear, accessories and home products. Co. is primarily comprised of the following segments: NEXT Retail, which sells clothing, footwear, accessories and/or home products; NEXT Directory, an online and catalogue shopping business; NEXT International Retail, with around 200 mainly franchised stores across the world at Jan 28 2017; NEXT Sourcing, which designs and sources NEXT branded products; and Lipsy, which designs and sells Lipsy and other branded fashion products. As of Jan 28 2017, Co.'s NEXT Retail segment had a chain of around 540 stores in the U.K. and Eire.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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