Department Stores
Next raises outlook as FY profits top record £1bn
Following a strong start to the year, the group said it is upgrading its annual pre-tax profit guidance by £20m to £1.06bn, an increase of 5.4%
Next has reported that pre-tax profits have risen by 10.1% to £1bn for the first time in its history, with the group raising its full-year guidance for the coming year amid further strong trading.In the year to January 2025, full price sales rose by 5.8% while total group sales were up by 8.2% to £6.3bn, which the group attributed to the acquisitions of Reiss and FatFace that completed towards the end of 2023/24.
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