Next sales ahead of expectations in Q3
The group experienced an increase of 1.4% in full price sales in the last five weeks, which has been attributed to one particularly ‘strong’ week at the end of September
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Next has announced that sales were 0.4% higher than last year in the 13 weeks to 29 October, which is said to be “slightly ahead” of the fashion retailer’s expectations.
It is reported that the group’ full price sales in the last five weeks experienced an increase of 1.4%, in part attributed to one particularly “strong” week at the end of September when temperatures dropped and sales of heavier weight products improved.
As a result, the group plans to maintain its guidance for full year profit before tax at £840m, an increase of 2.1% compared to last year.
Based on this profit guidance, the earnings per share will be set at 554.5p, an increase of 4.5% compared to last year.
Nonetheless, the group is still maintaining its previous guidance for full price sales for the rest of the year to be down by 2% against last year.
