Key Developments: Next PLC (NXT.L)
Latest Key Developments (Source: Significant Developments)
Next Plc Issues FY 2014 Revenue Guidance Below Analysts' Estimates; Raises FY 2014 PBT Guidance And Lowers EPS Guidance
Next Plc announced that for fiscal 2014, it expects sales to rise in a range of +1% to +4%, profits before tax (PBT) to be in a range of GBP615-GBP665 million and earnings per share (EPS) growth in the range of +4% and +13%. The Company reported revenue of GBP3.5 billion and EPS of GBP2.83 in fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of GBP3.7 billion, pre-tax profit of GBP651 million and EPS of GBP3.13 for fiscal 2014. Full Article
Next Plc announced that it will narrow profit guidance to the top of the previous range which was GBP590 million to GBP620 million. The Company now expects profit to be within GBP611 million either side of GBP625 million and Earnings Per Share (EPS) to be in a range of 14%-17%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report Profit before tax of $609 million and EPS of 278.20 pence for fiscal 2013. Full Article
NEXT plc announced that the Board of Director has declared an interim dividend is being increased by 3.5p to 31p, an increase of 12.7%. This will be paid on January 2, 2013 to shareholders on the register at November 23, 2012. The shares will trade ex-dividend from November 21. Full Article
NEXT plc announced that for fiscal 2013, it expects profit before tax to be in a range of GBP575-620 million and basic earnings per share (EPS) to be in a range of 7%-15%. Full Article
LONDON, June 10 - Next product director Christos Angelides has quit Britain's second largest clothing retailer to take up a post with U.S. apparel firm Abercrombie & Fitch.