Next PLC
05 January 2005
Date: Embargoed until 07.00am, Wednesday 5 January 2005
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
NEXT Retail sales for the period from 3 August to 24 December 2004 were up 12.1%
compared to the same period last year. For clarity, the comparative period last
year includes the same number of days as this year. Like-for-like sales in the
285 stores that were unaffected by new openings were up 2.9%. Total
like-for-like sales, including the 49 stores that were directly affected by new
openings, were up 0.5%.
NEXT Directory sales were up 13.4% in the period.
Taken together, sales for NEXT Retail and NEXT Directory were up 12.4%.
Clearance rates in our end of season Sale have been below our expectations, on
stock levels that were higher than originally planned. As a result we have
lowered our internal profit forecast by £5m. We currently expect Next Group
pre-tax profit for the full year to be in the range £415m to £425m, which is
broadly in line with market expectations.
We expect to issue our preliminary announcement of results for the 52 weeks to
29 January 2005 on Wednesday 23 March 2005.
- ENDS -
This information is provided by RNS
The company news service from the London Stock Exchange
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