Next has raised its full-year revenue and profit guidance after sales increased 4.3% in its third quarter to October 26.

Total retail sales edged up 0.4% while Directory sales jumped 10.7% over the period. Sales came in just above the top end of its second-half guidance after a particularly strong performance in early and mid-September.

Next raised its full-year pre-tax profit guidance from £635m to £675m, to £650m to £680m, which will be a 4.6% to 9.4% improvement on last year.

The retailer expects total sales to edge up 2% to 3.75% for the year, compared with its previous guidance of 1.5% to 3.5%.

Topics