NEXT (NXT) Q2 2027 TU earnings summary

Executive summary

• Full price sales in Q2 rose 9.2% year-over-year, significantly exceeding the 4.0% forecast.

• Sales outperformed guidance by £70m, driven by favorable weather, pent-up demand in key regions, and increased marketing spend.

• Full year pre-tax profit guidance upgraded by £25m to £1,243m, a 7.3% increase over last year.

Financial highlights

• Q2 full price sales up 9.2% year-over-year; H1 up 7.7%.

• International online sales surged 36.9% in Q2, with H1 up 23.9%.

• UK total sales grew 2.8% in Q2 and 3.6% for H1.

• Post-tax EPS guidance raised to 812.9p, up 9.2% year-over-year.

Outlook and guidance

• Full price sales for the rest of the year expected to rise 5.0% year-over-year.

• International sales growth in H2 forecast to moderate to 14% due to tougher comparatives.

• Full year group profit before tax now guided at £1,243m (+7.3% YoY).

• Group sales expected at £7.5bn (+6.6% YoY).