Next ups profit guidance as second-quarter sales rise

Next York

Next has increased its full-year profit guidance after reporting a rise in sales during its second quarter.

The fashion giant said it now expects pre-tax profit to come in at £725m, £10m more than its previous forecast and 0.3% ahead of last year.

It said full-price sales across the year are now anticipated to grow 3.6%, compared to its previous expectation of 1.7%.

Next upped its guidance after registering a 4% increase in full-price sales in the period to July 31. Total sales, including markdowns, improved 3.8%.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.