Next PLC (NXT) - IMS - Third Quarter to 27 October 2012 RNS Number : 9054P Next PLC 31 October 2012 Date: Embargoed until 07.00hrs, Wednesday 31 October 2012 Contacts: Alistair Mackinnon-Musson Rowbell PR Tel: 020 7717 5239 Email: firstname.lastname@example.org Photographs: Photographs available at: http://press.next.co.uk/media/company-images/campaignimages.aspx Next Plc Interim Management Statement 31 October 2012 Sales for the Third Quarter to 27 October 2012 NEXT Brand sales (VAT exclusive) in the third quarter were up +2.7%. Stronger sales in late September and early October made up for the unusually quiet start to August. The table below sets out our sales performance for the third quarter and year to date. Sales (VAT ex) Actual Actual Third quarter Year to date NEXT Retail + 1.1% + 0.5% NEXT Directory + 5.6% + 10.4% NEXT Brand Total + 2.7% + 3.8% Of which net sales from new space + 2.2% The difference in the performance of Retail and Directory has narrowed. We believe this is mainly because Directory has now annualised the significant benefits of the delivery improvements we made at the start of last year. Overall sales performance remains volatile, making it hard to draw conclusions from any one short period of time. We expect total sales in the final quarter to increase broadly in line with sales for the year-to-date. Accordingly we are narrowing our full year sales guidance to a range of +3.0% to +4.5%. Guidance for the Current Year to January 2013 The narrower sales guidance range and greater certainty on costs for the remainder of this year enable us to give a more precise profit range. The table below sets out the sales guidance along with our forecast growth in profit and EPS at either end of that range. We now expect Group profit before tax to be in the range £590m to £620m (previously £575m to £620m). Full Year Estimates Guidance Lower end Guidance Upper end Underlying, Year to January 2013 Brand sales (VAT exclusive) + 3.0% + 4.5% Group profit before tax £590m £620m Growth in profit before tax + 3.5% + 8.7% Share buyback expectation £200m £200m Growth in basic EPS (vs last year + 10% + 15% 255.4p) Christmas Trading Statement We intend to issue a sales update for the period to 24 December 2012 on Thursday 3 January 2013. - ENDS - This information is provided by RNS The company news service from the London Stock Exchange END IMSBIBDGGBXBGDG -0- Oct/31/2012 07:00 GMT
Next PLC NXT IMS - Third Quarter to 27 October 2012
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