Department Stores
Next ups profit guidance as Q1 sales rise by 11.4%
Accounting for the £55m of additional sales in Q1, it is raising its guidance for full-year group profit before tax by £14m to £1.08bn
Next has upped its full-year profit guidance as it welcomed “better than expected” sales in the first quarter, with full price sales up by 11.4% as trade was boosted by the warmer spring weather.The “overperformance” meant sales were £55m higher than its forecast for the period, with the group previously expecting a rise of 6.5%.
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