Next beats profit guidance and raises earnings outlook
Next reported a materially better-than-expected first half, with full-year profit guidance upgraded. The company said full-price sales rose 7.7% in the six months ended 1 August.
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06:39:16 AM UTC
SquawkNews
British clothing retailer Next LSE:NXT edged up its annual forecast for the fourth time this year on Thursday, as it reported a 10.5% profit rise for its first half, but expects sales growth to slow in its second half.The group, which trades from more than 800 stores in the UK and Ireland, includin…
06:49:33 AM UTC
SquawkNews
(06:01 GMT) *Next 1H Sales GBP3.54B (06:01 GMT) *Next 1H Pretax Pft GBP566M (06:02 GMT) *Next 1H Rev GBP3.45B (06:02 GMT) *Analysts Saw Next Revenue GBP3.42B (06:03 GMT) *Correct: Next 1H Pretax Pft GBP566M (06:06 GMT) *Next Raises FY27 Adj Pretax Profit to GBP1.255B From GBP1.24B (06:07 GMT) *Next…
7% in the six months ended 1 August, with the stronger trading prompting a £12m increase in full-year profit guidance. The retailer said the update reinforces confidence in its margin trajectory.