NEXT (NXT) Q1 2027 TU earnings summary

Executive summary

• Full price sales in Q1 rose 6.2% year-over-year, outperforming the 4.0% forecast by £28m, mainly due to strong growth in the first five weeks (+11.8%).

• Profit guidance for the full year increased to £1,218m, reflecting the sales overachievement.

• Sales growth was robust in both UK (+4.4%) and International (+12.8%) divisions, with international sales rebounding after initial disruption from the Middle East conflict.

Financial highlights

• Q1 full price sales: +6.2% year-over-year; UK: +4.4%, International: +12.8%.

• Additional £28m in sales contributed £8m in profit.

• Revised full-year profit before tax guidance: £1,218m (+5.2% vs prior year).

• Post-tax EPS guidance: 792.9p (+6.5% year-over-year).

Outlook and guidance

• Full price sales guidance maintained for the rest of the year: full year expected at +5.0%.

• Q2 UK sales expected to grow 1.0% year-over-year; International Q2 sales forecast at +17.0%.

• Full-year total group sales expected at £7.3bn (+4.2% year-over-year).