Next Group Plc Unsp/Adr (NXGPY) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the next half year results presentation. Let me start off by thanking all of our 30,000 plus employees worldwide for helping us deliver the very good first half results. You know, I joined the board back in March 2017, and I was speaking with Amanda last week, and I said I wanted to see some numbers since when I joined, just see some of the progress we've made. There was a few numbers that she passed along to me which I think just really show the power of compounding and moving in a consistent direction. Our label business, I remember sitting down with Jade Taylor, who was leading the label business really from the very beginning. In those days, back in January 2017, year end, we sold 215 million in label. And this past year end, January 23, we're over a billion. So that's almost five-time increase in our label business. Looking at the international business, the overseas business, for the year ended January 2017, sales were 234 million pounds. And this past year, 625 million. So an increase of almost 170%. And just looking at the breakdown between online and retail, Back in 2017, year end of January, the breakdown was 40% online, 60% retail. Now, if we fast forward to January 23, the breakdown is actually almost just the opposite, 62% online and 38% retail. And most of that was driven by growth in retail, growth in online. Online basically doubled from $1.5 billion in 2017 to just over $3 billion in January 23. So it just shows really the power of compounding growth and delivering year-on-year results in that area. So good progress there. Simon, over to you. Thank you, Mike. Good morning, everybody. It's interesting listening to those numbers, isn't it? Because you think, oh, that all sounds fantastic. But the one number Mike didn't menti...