NEXT (NXT) Trading Update summary

Executive summary

• Full price sales rose 10.5% year-over-year in Q3, outperforming guidance by £76m.

• UK sales grew 5.4% in Q3, moderating from H1 but still above expectations.

• Overseas sales surged 38.8% year-over-year, significantly exceeding both H1 growth and guidance.

• Upgraded full-year profit before tax guidance by £30m to £1,135m.

Financial highlights

• Q3 full price sales up 10.5% year-over-year; year-to-date up 10.8%.

• UK online sales up 7.8% in Q3; retail stores up 2.0%.

• International online sales up 38.8% in Q3; year-to-date up 31.5%.

• Group profit before tax guidance raised to £1,135m (+12.2% year-over-year).

• Post-tax EPS guidance increased to 729.4p (+14.6% year-over-year).

Outlook and guidance

• Q4 full price sales guidance raised from +4.5% to +7.0%.

• Full-year NEXT full price sales guidance increased to £5,552m (+9.7% year-over-year).

• Total group sales guidance now £6,870m (+8.7% year-over-year).

• Special dividend of around £3.10 per share planned for January 2026, assuming no further buybacks or acquisitions.

• Interim dividend of 87p per share to be paid on 5 January 2026.