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Next

Current Price 7977.00p Bid 7976.00p Ask 7978.00p Change -4.15%
Last Updated: 11/05/2021 13:06. Prices delayed by at least 15 minutes.
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Company Overview

Next is a relative newcomer to the UK retail market, having opened its first womenswear store in 1982. Within five months the group had 70 outlets open. In 1986 the group acquired mail order company Grattan and two years later launched its own directory business. With over 300 shops the group generates about three quarters of its revenue from its retail outlets. Almost all of the rest comes from its directory arm.

Financial Highlights Year Ended 25/01/2020

Revenue
£3,997.50m
Operating Profit/Loss
£854.30m
Dividend yield (%)
0.80
Total dividend for year
57.5000p
Dividend cover
8.22
P/E Ratio
15.20

Key Personnel

Mr Michael J Roney
Chairman
Lord Wolfson Aspley Guise
Chief Executive Officer
Ms Amanda James
Finance Director
Mr Jonathan Bewes
Independent Non-Executive Director
Mr Tristia Harrison
Independent Non-Executive Director
Ms Dianne Thompson
Independent Non-Executive Director
Mr Tom Hall
Non-Executive Director
Mr Richard Papp
Operations Director
Mr Jane Shields
Sales & Marketing Director
Mr Francis Salway
Senior Independent Director

Stock Details

EPIC
NXTL
ISIN
GB0032089863
Shares in Issue
150.67m
Market cap
£12,018.92m

Analyst Views (4)

Strong Buy
 
0%
Buy
 
75.00%
Hold
 
25.00%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
7,977.00p
Bid Price
7,976.00p
Ask Price
7,978.00p
Volume
38,611
Change Today
-345.00p
% Change Today
-4.15%
Open
8,120.00p
Previous Close
8,322.00p
Intraday High
8,170.00p
Intraday Low
7,922.00p
52 Week High
8,322.00p
52 Week Low
4,390.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

EMBARGO 00:01 BST TUES 11 MAY: UK retail sales rise after easing of lockdown - BRC 10/05/2021 09:51:13 Next raises guidance as post-lockdown sales surge 06/05/2021 07:06:59 Thursday preview: Bank of England, Next in the spotlight 05/05/2021 12:01:20 Next lifts guidance as annual profits more than halved 01/04/2021 07:02:03 Thursday preview: Global manufacturing, Next in the spotlight 31/03/2021 18:11:36 Wednesday preview: Biden speech, Next in the spotlight 30/03/2021 16:04:35 RBC Capital upgrades Next to 'outperform' 26/03/2021 09:22:42 Next buys 25% stake in Reiss for £33m 10/03/2021 11:04:46 Next pulls out of the running for Arcadia's Topshop 22/01/2021 07:55:56 Next pulls out of the running for Arcadia's Topshop 22/01/2021 07:55:56 Liberum upgrades Next to 'buy' following strong Christmas trading performance 07/01/2021 09:40:10 Next says not looking for majority stake in Arcadia Group 05/01/2021 09:05:45 Next sales drop less than expected over Christmas, online sales surge 05/01/2021 07:29:14 Next in talks with US investment firm about Arcadia bid - report 18/12/2020 14:05:58 Director dealings: Next director makes share sale 28/10/2020 15:46:35 Director dealings: Next director makes share sale 28/10/2020 15:46:35 Next lifts FY profit guidance on strong third quarter sales rise 28/10/2020 07:03:13 Barclays starts coverage of Next at 'overweight' 20/10/2020 09:00:54 Next boss Wolfson predicts large-scale retail job losses 25/09/2020 12:28:47 Next upgrades profit guidance as sales beat expectations 17/09/2020 07:04:57 Thursday preview: Bank of England, Next in focus 16/09/2020 16:34:22 Morgan Stanley downgrades rating on 'very overvalued' Next shares 03/09/2020 12:01:25 Next Q2 sales fall less than expected 29/07/2020 07:33:40 Next slumps on Goldman Sachs downgrade 03/07/2020 11:47:01

Income Statement

Year End Date
25 Jan 2020
26 Jan 2019
 
£ (M)
£ (M)
Continuing Operations
Revenue
3,997.50
3,917.10
Operating Profit/Loss
854.30
841.00
Net Interest
-105.40
-107.50
Pre-Tax Profit
748.50
733.60
Profit After Tax from continuing operations
610.20
599.10
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
610.20
599.10
Attributable to:
Equity Holders of Parent Company
610.20
599.10
Minority Interests
n/a
n/a
Total Dividend Paid
57.5000p
165.0000p
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
25 Jan 2020
26 Jan 2019
Basic
472.40p
441.70p
Diluted
468.80p
439.30p
Adjusted
472.40p
441.70p
Dividend per Share
57.5000p
165.0000p

Assets

Year End Date
25 Jan 2020
26 Jan 2019
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
1,431.20
1,508.70
Intangible Assets
44.20
42.60
Investment Properties
n/a
n/a
Investments
5.00
5.10
Other Financial Assets
48.40
41.50
Other Non-Current Assets
189.10
166.90
Current Assets
Inventories
527.60
502.80
Trade & Other Receivables
1,315.30
1,285.40
Cash at Bank & In Hand
86.60
156.30
Current Asset Investments
n/a
n/a
Other Current Assets
25.90
33.30
Other Assets
n/a
n/a
Total Assets
3,673.30
3,742.60

Liabilities

Year End Date
25 Jan 2020
26 Jan 2019
 
£ (M)
£ (M)
Current Liabilities
Borrowings
246.00
552.90
Other Current Liabilities
703.80
690.80
Total Current Liabilities
949.80
1,243.70
Non-Current Liabilities
Borrowings
2,242.40
2,095.90
Provisions
17.30
18.50
Other Non-Current Liabilities
22.30
18.30
Total Non-Current Liabilities
2,282.00
2,132.70
Other Liabilities
n/a
n/a
Total Liabilities
3,231.80
3,376.40

Net Assets

Year End Date
25 Jan 2020
26 Jan 2019
 
£ (M)
£ (M)
Net Assets
441.50
366.20

Capital & Reserves

Year End Date
25 Jan 2020
26 Jan 2019
 
£ (M)
£ (M)
Share Capital
13.30
13.90
Share Premium Account
0.90
0.90
Other Reserves
-1,736.30
-1,700.60
Retained Earnings
2,163.60
2,052.00
Shareholders Funds
441.50
366.20
Minority Interests/Other Equity
n/a
n/a
Total Equity
441.50
366.20

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Interim
05 Dec 2019
02 Jan 2020
57.50p
Final
04 Jul 2019
01 Aug 2019
110.00p
Interim
06 Dec 2018
02 Jan 2019
55.00p
Final
05 Jul 2018
01 Aug 2018
105.00p
Special
04 Jan 2018
25 Jan 2018
45.00p
Interim
07 Dec 2017
02 Jan 2018
53.00p
Special
05 Oct 2017
01 Nov 2017
45.00p
Final
06 Jul 2017
01 Aug 2017
105.00p
Special
06 Apr 2017
02 May 2017
45.00p
Interim
08 Dec 2016
03 Jan 2017
53.00p
Final
07 Jul 2016
01 Aug 2016
105.00p
Special
14 Jan 2016
01 Feb 2016
60.00p
Interim
10 Dec 2015
04 Jan 2016
53.00p

Dividend Metrics

Year End Date
25 Jan 2020
26 Jan 2019
Dividend growth
-65.15%
4.43%
Dividend yield
0.80%
3.50%
Dividend cover
8.22
2.68


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