NEXT plc : H1 2024 results confirm resilience of NEXT’ fashion business
>H1 results in line, raising profit outlook for FY - Last week, NEXT reported final results for H1 2024 (quarter ended in July) after already releasing preliminary numbers in August. Group sales increased 8% y-o-y with the full price business growing 4%. In terms of channels, Online (+7%) outgrew Retail (-2%) again. Moreover, Finance (+5%) and Total Platform (+25%) did well. Within Online, the Overseas business (+23% for full price) grew particularly fast. Profit bef...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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