Investing.com - Next reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Next announced earnings per share of £3 on revenue of £2.51B. Analysts polled by Investing.com anticipated EPS of £292.25 on revenue of £2,562M.
Next shares are down 24% from the beginning of the year and are trading at £6,176.0 , down-from-52-week-high.They are under-performing the TR UK 50 which is up 3.84% from the start of the year.
Next follows other major Consumer Discretionary sector earnings this month
Next's report follows an earnings beat by Flutter Entertainment on March 1, who reported EPS of £3.37 on revenue of £1.55B, compared to forecasts EPS of £0.9695 on revenue of £1.59B.
Carnival had missed expectations on Tuesday with first quarter EPS of £-1.65 on revenue of £1.62B, compared to forecast for EPS of £-1.16 on revenue of £2.33B.
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