Next has reported a sales increase of 6% in the nine weeks to 28 December, 2024, and increased its full year guidance.
Sales were up 6% during the period, but slightly flattered by the timing of the retailer’s end-of-season sale. Adjusting for this effect, underlying full price sales were up 5.7%, compared to previous guidance of 3.5%.
The over-achievement adds £27m to Next’s full price sales and increases its full year guidance for group profit before tax by £5m to £1,010m.
Group profit before tax is now forecast to be up by 10% compared to last year, and pre-tax earnings per share up 11.4%.
