Next increases full-year profit guidance as sales jump

Exterior of Next store

Next has increased its full-year guidance for group profit before tax by £10m, following a “much better than expected” period of full-price sales.

The retailer posted a 6.9% jump in full-price sales in the second quarter – 0.5% ahead of guidance. As a result, the retailer said it would be increasing profit guidance by £10m to £845m.

The brand said its end-of-season Sale has gone well and noted that clearance rates were “ahead of expectations”.

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