Skip to content
 

Next shares: “shining jewel” in UK retail reports further Christmas sales growth

*

In the eight weeks to Christmas day, Next’s (LSE:NXT) full price sales rose 20% compared to pre-pandemic levels. That was £70m ahead of management expectations and, as a result, full year pre-tax profit guidance has been raised £22m to £822m. That would be a 9.8% improvement on two years ago.

Next believes that next year, full price sales will be up 7% on the current year. Pre-tax profit is expected to rise 4.6%.

A further special dividend of 160p per share was announced. The group plans to return to the “pre-pandemic ordinary dividend cycle in the year ahead”.

Next shares have started to slip after hitting a recent peak at 8328 GBX on Tuesday when markets in the UK reopened. The shares hit a recent high of 8426 on 9 December.


Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.

Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.

Free 28 day trial. Cancel anytime.


Log In or Sign Up to Armchair Trader+

Already a member? Log in here:


Not a member yet? Sign up for your free trial or check out the benefits of membership.

Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.

Like this article? Sign up to our free newsletter.

This article does not constitute investment advice. Do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
FP Markets
Pepperstone
WisdomTree
CME Group
Back To Top