A 4 per cent rise in sales, beating the 2 per cent it had forecast for its third quarter, to 28 October ’23, has seen Next increase its FY group pre-tax profit forecast to £885m, excluding profits derived from Next’s minority interests in brands including Joules and Reiss.
Full-year sales of £4.74bn are now expected by the retailer which is on good form.
During Q3, online sales had risen by 6.5 per cent with in-store sales dipping by 0.6 per cent, with volatile conditions due to changes in weather. Despite the general malaise across the sector, the cooler weather had had a positive impact on demand for Next’s autumn/winter ranges.
Share