Retailer Next (NXT) has issued a trading statement for its quarter to 2nd May including that “full price sales in the first quarter were up +6.2% on last year… ahead of forecast” and increasing its guidance for its full year. What about this from a currently up to around 13000p share price, £15.7 billion market capitalisation?
Around a year ago I wrote on retailer Next (NXT), ‘a trading statement to remember for the upcoming updates from other consumer-related companies’ which concluded including that from a towards 9900p share price I wouldn’t bet against its long-term track record. What about now a “Trading Statement” and the shares currently rising a further more than 3%, to above 14000p?
Retailer Next (NXT) has issued a trading statement on Christmas performance and with guidance for its year ahead. The shares have currently responded 3.5% higher towards 9900p, so another reminder from it that macroeconomic conditions are far from impossible to trade well in – as I expect many consumer-related companies will suggest is so in the weeks ahead?








