Next edges up profit guidance as Christmas sales beat expectations

Next Basingstoke

Next has recorded an increase in full-price sales over the festive period ahead of internal expectations, spurred by online, and has upped its full-year guidance as a result.

The fashion retailer posted a 5.2% uplift in full-price sales including interest in its fourth quarter, which covers the period from October 27 to December 28, and represents an increase in revenue 1.1% ahead of internal forecasts.

As a result, Next has raised its full-year profit guidance by £2m to £727m, up 0.6% on the previous year.

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