Tuesday, 28 July 2015
Next - Half-Year Trading Update
They have today issued a trading statement covering the first 6m of the year (link via Investegate).
Sales were up 3.3% which is slightly ahead of the guidance given in March of between 0% - 3%. Directory sales increased by 7.5%. As a result, the revised upper end guidance for profits has been lifted from 6.7% to 8.0%.
The share price has seen a strong performance since the start of the year increasing 13% from £68.20 to £77 today. The company are expecting to provide a total return for shareholders of 13.4% over the full 12 months.
The company have announced a further special dividend of 60p to be paid in November.
I am happy with progress so far. More on this following the interim results scheduled for 10th September.