Next PLC
04 January 2006
Date: Embargoed until 07.00am, Wednesday 4 January 2006
Contacts: Simon Wolfson, Chief Executive
David Keens, Group Finance Director
NEXT PLC
Tel: 08454 567 777
Alistair Mackinnon-Musson
Philip Dennis
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 1
August to 24 December 2005 were up 9.8% compared to the same period last year.
NEXT Retail sales were up 8.7% in the period. Net sales growth from new space
after deducting deflection was 11.9%. Like-for-like sales in the 251 stores
that were unaffected by new openings were down -3.2%.
NEXT Directory sales were up 13.7% in the period.
PROFIT FORECAST
In March 2005 we said that we would increase both sales and profit in a
challenging year. We now expect that our full year profit before tax will be
above market expectations and in the range of £435m to £450m.
OUTLOOK
We remain cautious for the first half of the new year. Whilst we expect to grow
sales from the addition of new space, we are budgeting for like-for-like sales
to continue to run at approximately -3% over the next six months.
We intend to issue our Preliminary results for the 52 weeks to 28 January 2006
on Thursday 23 March 2006.
- ENDS -
This information is provided by RNS
The company news service from the London Stock Exchange
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