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%.

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