NEXT Full Year 2024 Earnings: EPS Beats Expectations

NEXT (LON:NXT) Full Year 2024 Results

Key Financial Results

• Revenue: UK£5.49b (up 9.1% from FY 2023).
• Net income: UK£802.3m (up 13% from FY 2023).
• Profit margin: 15% (in line with FY 2023).
• EPS: UK£6.61 (up from UK£5.74 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

NEXT EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.

The primary driver behind last 12 months revenue was the Next Online segment contributing a total revenue of UK£2.91b (53% of total revenue). Notably, cost of sales worth UK£3.03b amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to UK£794.1m (48% of total expenses). Explore how NXT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Multiline Retail industry in Europe.

Performance of the market in the United Kingdom.

The company's shares are up 2.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - NEXT has 3 warning signs we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.