Next now deserves 'best in class' valuation as international sales accelerate, says Citi

Next PLC reported Q2 full-price sales up 9.2%, more than double management’s 4% assumption, prompting analysts to question how much upside is being held back in guidance. The gap between actual momentum and internal expectations introduces near-term caution around forward commentary, but it signals stronger demand than modeled.

Analysis

Next PLC reported Q2 full-price sales up 9.2%, more than double management’s 4% assumption, prompting analysts to question how much upside is being held back in guidance. The gap between actual momentum and internal expectations introduces near-term caution around forward commentary, but it signals stronger demand than modeled.