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Home » UK Shares » Three Quick Facts » Three Quick Facts: Next, Eve Sleep and Robinson

Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1. Global uncertainty sees Next sales forecasts trimmed

Next [LON:NXT] has published its full year results to 31st January this morning. There’s a lot to wade through, but all key metrics showed performance better than pre-pandemic levels, although the outlook is a little less rosy. Sales forecasts have been reduced by 2% and profit guidance by 1.2% as macroeconomic headwinds take a toll on the company, however full price sales are still expected to advance and EPS is tipped to improve by almost 5%. The report runs to almost 100 pages so plenty more detail to be found there.

#2. Third successive year of growth for Eve Sleep

Full year results are out from Eve Sleep [LON:EVE] today, with tight control on marketing spend seemingly helping the bottom line. A statutory net loss before tax of £3.4m was posted versus £12.5m back in 2019. Q1 ’21 was the company’s strongest quarter ever for sales as a result of ongoing lockdowns, but that does mean that comparatives since the start of the new financial year have been less than flattering. This does however make for a third consecutive year of growth for the business – will this be sufficient to cheer those long term investors?

#3. Rising input costs hit Robinson margins

Packaging group Robinson [LON:RBN] has published full year numbers today, with rising revenues but tumbling margins. That resulted in the company posting a modest £0.1m loss but a dividend is being paid, despite ongoing uncertainty over input costs for the near term. That said, despite the lack of visibility, the company still expects profits to improve this year and that they can deliver above market growth in the medium term.

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This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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