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Profit Guidance

lse:nxt

#1

For the full year it’s guiding towards :

  1. 3% growth in full price sales compared to 2017/18
  2. Group profit of 727 or 0.1% increase on last year - flat to all intents

Third quarter online sales were up 12.7% and shop sales down 8% (not great).
Total full price sales for Q3 up 1.3% and for year 3.1% so sales slowing up here.

Still – there doesn’t appear to be a cliff edge, so no reason to believe the standard yield around 3+% won’t be topped up with another special in 2019, unless the share price stays below 49XX in which case I guess they’ll buy back more shares.
Mind you 2019 is a loong time in retail.

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