UK retailer Next is set to reveal its first quarter results Wednesday - a month after posting annual profit growth.
A slump in homewear sales is expected to drag on the company's performance, according to analysts at Credit Suisse on April 5th.
The broker said although Next has started to prioritise its home division in advertising, the market requires a boost to housing transactions and secured credit before realising any material improvement in the category.
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"While leading indicators are still positive there hasn't yet been sufficient signs of a pick up in housing activity in the spring for this to be the driver we originally expected this year," the analyst said.
Last month the company reported a 9.0% jump in pre-tax profits to £621.6m for the year to January 2013 boosted by growth in online sales and business expansion.
Credit Suisse noted a fall in brand sales in the results and said the past two months would "clearly have been slow".
"It is therefore very hard to see how Next's first quarter IMS [...] is likely to give too much reason for cheer, despite the soft comps," it said.
Other FTSE 100 releasing results Wednesday include Weir Group and Meggitt.
Wednesday May 1st
INTERIMS
Avon Rubber
INTERIM DIVIDEND PAYMENT DATE
ISG, NWF Group, Smith (DS), Wolseley
INTERIM EX-DIVIDEND DATE
Lok'n Store Group, Next Fifteen Communications, Swallowfield, Utilitywise, Wetherspoon (J.D.)
QUARTERLY PAYMENT DATE
Mercantile Investment Trust (The), Torchmark Corp., Verizon Communications
QUARTERLY EX-DIVIDEND DATE
City of London Inv Trust, JPMorgan Claverhouse Inv Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Auto Sales (US) (15:00)
Construction Spending (US) (15:00)
ISM Manufacturing (US) (15:00)
ISM Prices Paid (US) (15:00)
Q3
Kofax
FINALS
Development Securities, Home Retail Group
IMSS
Meggitt, Next, Weir Group
SPECIAL EX-DIVIDEND PAYMENT DATE
Admiral Group, ITV
AGMS
Aga Rangemaster Group, Alkane Energy, Core VCT, DP Poland, European Real Estate Inv Trust Ltd. Part Pref, GlaxoSmithKline, JPMorgan American Inv Trust, Kerry Group 'A' Shares, Ladbrokes, Lancashire Holdings, Meggitt, Novae Group, Rapid Realisations Fund Ltd., Spirent Communications, Stanley Gibbons Group, Weir Group
UK ECONOMIC ANNOUNCEMENTS
PMI Manufacturing (09:30)
FINAL DIVIDEND PAYMENT DATE
Aberdeen UK Tracker Trust, Foreign and Colonial Inv Trust, Jardine Lloyd Thompson Group
FINAL EX-DIVIDEND DATE
Admiral Group, Advanced Medical Solutions Group, African Barrick Gold , APR Energy, British Smaller Companies VCT 2, Cobham, Croda International, Dunedin Enterprise Investment Trust, Dunedin Income Growth Inv Trust, Elementis, F&C Private Equity Trust, Ferrexpo, Goals Soccer Centres, Henry Boot, Highcroft Investment, Highland Gold Mining Ltd., Holders Technology, Hydrogen Group, ITV, Maven Income and Growth VCT 5, Morgan Sindall Group, Neptune-Calculus Income & Growth VCT, Ocean Wilsons Holdings Ltd., Porvair, Powerflute Oyj (DI), Reed Elsevier, Regus, Senior, SIG, SThree, Total Produce, Travis Perkins, Weir Group
RD
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