The Motley Fool

Profit Up 14% At NEXT Plc

The share price of NEXT  (LSE: NXT) —  the multinational clothing, footwear and home products retailer — is essentially unchanged, following publication of the company’s half-year results, to the end of July 2013.

NEXT reported operating profit up 7.2%, at £285m, and post-tax profit up 13.8%, at £217m, on sales that were up just 2.2%, to £1,1677m. The company explained the marked difference between profit and sales growth as being due to “the differing performance of its full-price business and markdown sales” — improved full price sales, reduced unprofitable markdown sales and tight cost control all combined to raise operating margins in both its retail outlets and and its online Directory.

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…

And if you click here we’ll show you something that could be key to unlocking 5G’s full potential...

Post-tax earnings per share (EPS) grew by 19.9%, to 142p, and the board has proposed a interim dividend of 36p, up 16.1% on 2012.  It’s worth noting that post-tax EPS was enhanced 6% by £170m of share buybacks and also by a lower tax rate. The company also said that it intends to raise the total dividend for the full year by a similar percentage to the growth in earnings per share. 

Summarising the results, CEO Simon Wolfson (aka Lord Wolfson of Aspley Guise) said:

The Group has made good progress in the first half, delivering profits at the upper end of our expectations.  Looking ahead the economy looks set to improve moderately, albeit at a slow pace and with the risk that credit easing may not translate into growth in real earnings. 

“We remain confident that we can deliver growth in sales, profits and earnings per share for the full year.

At the time of writing NEXT’s share price is 5,206p. That’s up 40% so far this year, and 45% on this time in 2012. 

If you’re looking for a high-quality share with great potential, you’ll definitely want to know which company The Fool’s expert analysts have picked to feature in “The Motley Fool’s Top Growth Share” report.

It’s completely free of charge, and there’s no further obligation, so get your copy delivered to your inbox now!

> Jon doesn’t own shares in Next.

“This Stock Could Be Like Buying Amazon in 1997”

I'm sure you'll agree that's quite the statement from Motley Fool Co-Founder Tom Gardner.

But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.

What's more, we firmly believe there's still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.

And right now, we're giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.

Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!