Next PLC

Latest Results (17.12.2024):

Sales Growth

In the first half of 2024, Next PLC reported a significant increase in sales. The total Group sales, which include subsidiaries, rose by 8.0% to £2,946 million compared to £2,729 million in the same period of 2023. This growth was driven by a 4.4% increase in full price sales, highlighting the company's strong performance in the retail sector.

Profit Before Tax

Next PLC's profit before tax for the first half of 2024 reached £452 million, marking a 7.1% increase from the £422 million reported in the first half of 2023. This improvement in profitability reflects the company's effective cost management and successful sales strategies during the period.

Earnings Per Share

The earnings per share for Next PLC in the first half of 2024 increased by 6.2% to 282.8p, up from 266.2p in the same period of the previous year. This growth in EPS indicates the company's ability to deliver value to its shareholders through improved financial performance.

Upgraded Full-Year Guidance

Next PLC has upgraded its full-year guidance for the fiscal year ending January 2025. The company now expects full price sales to grow by 4.0%, with total Group sales anticipated to rise by 6.6%. Additionally, the pre-tax profit guidance has been increased by £15 million to £995 million, representing an 8.4% increase compared to the previous year.

Dividends and Shareholder Returns

Next PLC continues to prioritize returning surplus cash to shareholders through dividends and share buybacks. The company's financial discipline ensures healthy returns on capital, contributing to sustainable growth in earnings per share and maintaining shareholder confidence in the company's long-term financial health.