NEXT plc : Some 8% growth in Q3, raising FY profit target slightly
>Online driving top-line growth, more optimistic on Q4 - Yesterday morning, Next provided a trading statement for Q3 (August-October) which we think was positive. The full price business (c. 80% of total sales) rose 7.6% y-o-y for Q3. While there is no consensus, we think this should be broadly in line with expectations. We did actually expect some 8-9% growth. Why? Next already stated that full price sales in the first six weeks of the quarter (August to mid-Septembe...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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