Next reports higher profits and sales; raises FY guidance
For the six months ended 1 August, Next said full-price sales rose 7.7% to £3.28bn. Total sales including markdowns rose 8.9% to £3.54bn, while pre-tax profits rose 10.5% to £569m and net margins improved 0.3ppt to 16.1%.
Next reported full-price sales rose 7.7% in the six months ended 1 August, lifting total sales to £3.28bn. Total sales including markdowns increased 8.9% to £3.54bn. Pre-tax profit rose 10.5% to £569m, while net margin improved by 0.3ppt to 16.1%, supported by higher bought-in gross margins and warehouse...