Next nudges up its full year profit guidance again

Next Raises Profit Guidance, Expects Slower Sales Growth

Next reported a 10.5% rise in first-half profit and lifted its full-year pretax guidance to about £1.255 billion, helped by hot weather and strong online demand overseas. The retailer signaled mixed momentum with strong international growth and online profitability, but UK sales gains are expected to slow and warehousing and stock-management challenges persist, even as cash generation and dividends remain robust. · 16 sources across the spectrum…

Next nudges up profit guidance but sees UK headwinds

British clothing ‌retailer Next edged up its annual forecast on Thursday, as it reported a 10.5% profit rise for its first half, but expects sales growth to slow in its second half and warned of headwinds in its core UK market.

Next nudges up its full year profit guidance again

Clothing retailer Next has today edged up its annual forecast, as it reported a 10.5% profit rise for its first half, but expects sales growth to slow in its second half and warned of headwinds in its core UK market.

Next lifts profit targets as retailer beats forecasts again

Next has lifted its profit target again following “much better” than expected trading in the first half of the year as the retailer continues to defy fears of inflation and a slowdown in consumer spending. The FTSE 100 retail giant saw sales across its group jump by nine per cent in the six months to [...]

Next lifts profit guidance again after better-than-expected first half

Next shares gained on Thursday after, true to form, it raised its full-year profit guidance for a second time in weeks as the retailer reported better-than-expected sales figures. What’s notable about Next’s update today is that it beat its own expectations at home and abroad, underpinning the increasingly international weighting of its business. The retailer […]

Next Nudges Up Guidance After Better-than-Expected Performance

The clothing chain, seen as a bellwether for the U.K. retail sector, reported a rise in earnings in the first half, lifted by better-than-expected revenue.