Next PLC
04 January 2007
Date: Embargoed until 07.00am, Thursday 4 January 2007
Contacts: Simon Wolfson, Chief Executive
David Keens, Group Finance Director
NEXT PLC
Tel: 08454 567 777
Alistair Mackinnon-Musson
Nicola Savage
Hudson Sandler
Tel: 020 7796 4133
Email: next@hspr.com
Photographs available: http://www.next.co.uk/press/
NEXT PLC
TRADING STATEMENT
CURRENT TRADE
The combined sales for NEXT Retail and NEXT Directory for the period from 31
July to 24 December 2006 were up 2.8% compared to the same period last year.
NEXT Retail sales were up 0.8% in the period. Like for like sales in the 308
stores that were unaffected by new openings were down 6.9%.
NEXT Directory sales were up 9.3% in the period.
PROFIT AND EARNINGS PER SHARE FORECAST
We currently expect annual profit before tax (PBT) to be slightly ahead of
market consensus, within the range of £463m to £473m. Operating profits (EBIT)
are expected to increase by between 5.1% and 7.2%. On this basis earnings per
share, which have been enhanced through our share buyback policy, would increase
by between 11.0% and 13.4%.
In a challenging year we will have increased Group profits through good control
of stocks, margins and costs, along with a strong sales performance in NEXT
Directory.
NOTICE OF FULL YEAR RESULTS
We intend to issue our preliminary results for the 52 weeks to 27 January 2007
on Thursday 22 March 2007.
- ENDS -
This information is provided by RNS
The company news service from the London Stock Exchange
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