Next, GB0032089863

Next stock gains after Q2 2026 results and raised guidance

Published on 09/21/2026 at 15:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Next stock reacted to Q2 2026 results published on September 17, 2026, with revenue of GBP 3,447.0 million and EPS slightly below expectations. The retailer lifted full-year profit guidance, while the shares trade close to their 52-week high as of September 20, 2026.

Schwarzweiß-Reportagefoto von Arbeitern in einem Textil-Distributionslager — Next plc (GB0032089863): dokumentarische Schwarzweiß-Reportage aus einem großen Bekleidungs-Logistikzentrum mit fleißigen Mitarbeitern bei der Arbeit, Illustration mit AI erstellt.

Next stock (ISIN GB0032089863) is trading near the upper end of its recent range after the UK retailer reported Q2 2026 figures with revenue of GBP 3,447.0 million and earnings per share marginally below expectations on September 17, 2026.

Q2 2026 results show resilient revenue

According to quartalszahlen.info, Next reported Q2 2026 revenue of GBP 3,447.0 million, illustrating the scale of its fashion and home business despite a challenging UK consumer backdrop.

The same overview states that Q2 2026 earnings per share came in at GBP 3.59 compared with an analyst expectation of GBP 3.60, implying a shortfall of 0.4 percent relative to consensus, a difference that is numerically small but still relevant for valuation-focused investors.

First half profit and tribunal ruling support guidance

As TradingView highlights in a weekly recap dated September 21, 2026, Next posted first half 2026 revenue of GBP 3,540.0 million and pre-tax profit of GBP 569.0 million, underlining a solid profitability profile for a discretionary retailer.

The same TradingView recap notes that Next won an Employment Appeal Tribunal ruling that removed a potential GBP 30.0 million back-pay liability for store and warehouse staff, which lowers the companys financial risk and effectively improves the comparison against any earlier scenarios that had included that potential cost.

Guidance raised despite UK sales headwinds

According to Ground News on September 21, 2026, Next raised its full year profit guidance to GBP 1.255 billion, marking the fourth time it has increased its forecast as hot weather and international growth offset weaker UK sales.

The same report explains that UK Next brand sales were GBP 7.0 million lower than in the prior year, while growth in the WOBL segment and third party channels more than compensated, giving investors a concrete sense of how mix shifts are balancing domestic softness.

Analysts maintain a Hold consensus on valuation grounds

As Ground News reports on September 21, 2026, Next stock carries an average recommendation of Hold from eight covering analysts, with five rating the shares as Hold and three as Buy, signaling a balanced view between upside and risks.

Price target data compiled by MarketBeat show an average target price of GBP 153.55, which MarketBeat describes as implying limited near term upside relative to the current share price and reflects an assessment that much of the recent earnings strength is already priced in.

Stock trades near 52 week high

Per MarketBeat data as of September 20, 2026, Next shares on the London Stock Exchange traded in a 52 week range between GBP 116.15 and GBP 161.75, with a recent trading range for the session between GBP 141.30 and GBP 148.50 that places the current level closer to the upper end of that band.

The same MarketBeat overview indicates a market capitalization of approximately GBP 16.22 billion as of September 20, 2026, and a price to earnings ratio of 19.06, which it notes is below a broad market average P E of about 44.67 and therefore suggests a valuation that is not at an extreme relative to earnings.

Next earnings date and investor calendar

MarketBeat lists the last earnings event for Next as September 17, 2026, aligning with the Q2 2026 release, but does not specify a future earnings date in the current calendar snapshot, so the next formal reporting checkpoint for investors will be the companys forthcoming update once a date is confirmed via its investor relations channels.

Stock price and trading snapshot

On the London Stock Exchange, Next stock recently changed hands at around GBP 145.00 during trading on September 20, 2026, with volumes of approximately 1.27 million shares for the session and price action taking place between GBP 141.30 and GBP 148.50 in that period.