• Next expects new EU tariffs to increase net costs by about £5 million in fiscal 2026/27, offsetting additional international sales profits.
• The tariffs took effect July 1 and November 1, 2026, covering EU online orders fulfilled with stock imported from outside the bloc.
• Some EU orders are fulfilled from UK stock, exposing them to the charges despite substantial inventory held within the EU.
• Operational changes and selective modest EU price increases are expected to fully mitigate the tariff costs over time.
• Full-year pretax profit guidance remains unchanged, with the additional £5 million international sales profit absorbed by higher operating costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Next plc published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.