Next plc continues to show how to be a sensible retailer despite all the obvious challenges out there
By Chris Bailey | Thursday 5 January 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Back in September 2021, I observed that it was the “same old, same old ‘not cheap but quality’ at Next plc (NXT)”. But the stock was kicking around at an eighty quid share price then, whilst a c. sixty quid share price (or below) was always a much smarter level to get involved. And hopefully some of you have done so over the last six months or so, a point reinforced by the observation today that Next plc’s full year profit before tax guidance has been raised “by £20m to £860m, up +4.5% versus last year".
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