London · Delayed Price · Currency is GBP · Price in GBX NEXT plc Earnings Call Transcripts
Fiscal Year 2026
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International third-party brand sales grew 22% year-over-year, but Middle East operations face ongoing logistical and cost challenges due to regional instability. Marketing spend remains elevated, with cost savings at risk if disruptions persist.
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Delivered double-digit sales and profit growth, with strong online and international performance. Cautious guidance maintained amid Middle East conflict and rising costs, while major investments in warehousing and technology support future growth.
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Wholly Owned Brands are prioritized for steady growth, with international expansion focused on improving product availability and delivery through partnerships like ZEOS. Cost increases are offset by modest price hikes, and capital returns to shareholders remain robust.
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Sales rose 10.3% year-over-year, with strong growth in both UK and international segments. Profit before tax increased nearly 14%, and EPS was up 16.8%, aided by buybacks. Management remains cautious for H2 due to macroeconomic risks and expects full-year sales growth of 7.5%.
Fiscal Year 2025
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Enhanced Zalando partnership targets Eastern Europe but no sales uplift is forecasted due to transition risks. International marketing spend rises, with focus on existing markets and a 50% ROI target. Overseas margins are stable, and home sales show recovery.
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Group sales rose 8.2% year-over-year, with strong international and online growth driving a 10.1% increase in profit before tax. Upgraded guidance forecasts 5% sales growth and 8.8% EPS growth, while maintaining a disciplined approach to capital allocation and risk.
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Staff costs and legal risks may pressure retail margins, while home and overseas segments show growth driven by weather and aggregator expansion. Consumer health remains strong, with a focus on higher-quality purchases and prudent retail investment.
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Group sales rose 8% year-over-year, led by strong overseas and online growth, while retail declined. Profit guidance was upgraded, with EPS and dividends up, but retail margins face wage pressure. Investments in automation, brands, and international expansion support future growth.