Trading Statement
06 Enero 2004 - 1:00AM
UK Regulatory
RNS Number:8750T
Next PLC
06 January 2004
Date: Embargoed until 07.00am, Tuesday 6 January 2004
Contacts: Simon Wolfson, Chief Executive
David Keens, Group Finance Director
NEXT PLC
Tel: 08454 567777
Alistair Mackinnon-Musson
Philip Dennis
Hudson Sandler
Tel: 020 7796 4133
Email: next@hspr.co.uk
Photographs available: http://www.next.co.uk/press/
(or Hudson Sandler, as above)
NEXT PLC
Trading Statement
Sales for the period from 4th August 2003 to 24th December 2003 were as follows:
NEXT Retail: 15.8% ahead of last year
NEXT Directory: 16.1% ahead of last year
NEXT Brand: 15.8% ahead of last year
Like-for-like sales in the 304 stores that have been trading continuously for at
least one year were 2.8% up on last year. Included in those stores are 30 that,
as planned, have been directly affected by new store openings and extensions.
Like-for-like sales in the 274 stores that have not been affected by new space
were 4.7% ahead of last year.
We now expect that full year profits will be above our internal forecasts,
mainly for the following reasons:
* Full price sales during the Christmas week were well above our
expectations.
* Clearance rates during the end of season Sale were significantly higher
than we anticipated, on residual stock that was marginally down on last
year.
* NEXT Directory finished the season strongly. It also benefited from the
operational improvements that were highlighted in our Interim Statement.
We now anticipate a full year pre-tax profit of not less than #340m (last year
#301m). This would result in earnings per share growth of around 30 per cent.
This information is provided by RNS
The company news service from the London Stock Exchange
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