Shares, Investment and Personal Finance Discussion Forums
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Bouleversee wrote:Thanks, Ian but I don't have time to read a book a.t.m. However, a quick look at the s.p. tells me it's up nearly 2.45% so far today which will do for the time being. How I miss notifications from TLF. When will that problem get sorted, I wonder?
Full price sales1 in the third quarter (August - October) were up +4.0% on last year, £23m ahead of our guidance which was to be up +2.0%.
We are increasing our full year guidance for profit before tax by +£10m to £885m.
Full price sales during November and December have been better than we anticipated.
In the nine weeks to 30 December, full price sales1 were up +5.7% versus last year. This was £38m better than our previous guidance of +2.0% for the period.
We have increased our full year profit before tax guidance by £20m to £905m, up +4.0% versus last year. Of the £20m increase, £17m came from the sales beat to date and £3m comes from an upgraded forecast for full price sales in January.
Dividends
The Board has recommended a final ordinary dividend for the year ended 27 January 2024 of 141p per share. If approved, it will be paid on 1 August 2024 to shareholders who are on the register of members at 5 July 2024, taking the total ordinary dividends for the year to 207p per share. This is subject to approval by shareholders at the Annual General Meeting to be held on 16 May 2024. Shares will trade ex-dividend from 4 July 2024.
idpickering wrote:NEXT plc Results for the Year Ended January 2024.
https://www.investegate.co.uk/announcem ... 24/8098917Dividends
The Board has recommended a final ordinary dividend for the year ended 27 January 2024 of 141p per share. If approved, it will be paid on 1 August 2024 to shareholders who are on the register of members at 5 July 2024, taking the total ordinary dividends for the year to 207p per share. This is subject to approval by shareholders at the Annual General Meeting to be held on 16 May 2024. Shares will trade ex-dividend from 4 July 2024.
Ian (No holding).
simoan wrote:Not sure why the dividend requires special mention, Ian. Current yield is 2.4% and the YoY dividend increase was 1p or 0.5%. Next is not an income share.
idpickering wrote:simoan wrote:Not sure why the dividend requires special mention, Ian. Current yield is 2.4% and the YoY dividend increase was 1p or 0.5%. Next is not an income share.
No worries. I can't please everyone.
Ian.
HEADLINES
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In the thirteen weeks to 27 April NEXT Trading full price sales1 were up +5.7% versus last year, slightly ahead of our guidance for this period, which was to be up +5%.
We are maintaining our sales and profit guidance for the full year, with NEXT Group profit2 before tax forecast to be £960m (+4.6%).
1. NEXT Trading full price sales include items sold in Retail and Online plus NEXT Finance interest income, but excludes Sale events, Clearance, Total Platform commission and the sales from subsidiaries.
2. NEXT Group profit before tax excludes: (1) the cost of brand amortisation, (2) the profit attributable to shares that we do not own in subsidiary companies, and (3) an exceptional, non-cash, loss relating to the closure of our defined benefit pension scheme.