Next plc announced sales results for the 54 days and year to date ended December 24, 2016. For the 54 days, the company reported full price sales in the 54 days from November 01, to December 24, were down -0.4%. 

For the year to date, the company reported Total sales, including markdown sales, for the year to date are up +0.4% on last year. Full price sales for the year to date are down -1.1% on last year. Within NEXT Directory's year to date growth of +3.6%, NEXT UK (including Label) was up +1.4% and Overseas was up +18% on last year.

The company revised central guidance for year 2017 and 2018. The company expects group profit is £792 million, this may increase or decrease by £7 million depending on trade in January. Prices on like-for-like garments to rise, but by no more than 5%. The company expects that this will depress sales revenue by around 0.5%. Group profit before tax is £680 million to £780 million. Earnings per share growth were -0.6% as compared to -1.3% to 3.7%. For the full year ending January 2017, the company expects underlying surplus operational cash flow (after capital expenditure, interest, tax and ordinary dividends) to be around £340 million.

Full price sales growth (at constant currency) in the year to January 2018 to be between -4.5% and +1.5%. The mid-point of this range is -1.5%, which is marginally worse than the current year's performance.