Next upgraded full-year profit guidance on higher sales
Analyst Mamta Valechha said Next’s guidance upgrade followed higher full-price sales expectations and better-than-expected cost savings.
Next surprised the market with a small upgrade to full-year profit guidance, supported by expectations for higher full-price sales and better-than-expected cost savings, Quilter Cheviot analyst Mamta Valechha said in a note. The retailer maintained its strong momentum, with earnings continuing to impress.