Next raises profit forecast again after strong third-quarter sales
Next expects full-year profits to come in at the top end of its previously guided range following a “better than anticipated” increase in sales during its third quarter.
The fashion giant said pre-tax profit for its current fiscal year was now forecast at £365m – just shy of the £370m “upside” scenario Next mapped out at its interim results last month and £65m higher than its central guidance.
It comes after Next registered a 2.8% uplift in full-price sales in the three months to October 24. Total sales during the same period were up 1.4%.
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