Added to YB: 2026-04-14
Pitch date: 2026-04-10
NXT.L [neutral]
NEXT plc
-0.22%
current return
Author Info
The fiercely independent investor is a former fund manager who specialised in UK and global equities, overseeing hundreds of millions of pounds, for thousands of investors. Sign up for the newsletter.
Company Info
NEXT plc engages in the retail of clothing, homeware, and beauty products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally.
Market Cap
GBP 15.4B
Pitch Price
GBP 133.85
Price Target
N/A
Dividend
2.00%
EV/EBITDA
10.67
P/E
18.00
EV/Sales
2.49
Sector
Broadline Retail
Category
growth
Next plc - defying the economic gloom
NXT.L (overview): UK fashion retailer delivered 17% EPS growth despite weak consumer spending & £70M extra costs from wages/taxes. Pre-tax margins hit 16.5%, 30% ROIC sustained for decades under CEO Simon Wolfson (25yr tenure). Pivoted from stores to online (68% sales), built 'Amazon of UK fashion' via LABEL platform (1,000+ brands, ~50% online UK rev). Own-brand + 3rd-party mix drives flywheel. Mastered high-return operational complexity, proprietary systems, 500+ integrated stores. Part 2 to cover financials, shareholder approach & key risks.
Read full article (7 min)