Next delivers surge in profits but global ‘uncertainty’ drives down forecasts

Next fascia

Next has posted a surge in profits but downgraded forecasts for its new financial year amid a slowdown in its international business.

The fashion giant delivered a pre-tax profit of £823m in the year ending January 2022, 10% up on pre-pandemic levels and more than double its 2020/21 earnings.

Next’s operating profit of £905.4m marked a 103.7% spike year on year and a 6% uplift on pre-pandemic levels. 

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