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Britain's Next raises profit outlook for second time in two months

Thu, 06th May 2021 07:09

LONDON, May 6 (Reuters) - British fashion retailer Next
on Thursday raised its profit guidance for the 2021-22
year for the second time in two months as it reported better
than expected first quarter trading.

The group, which trades from about 500 stores as well as
online, raised its central guidance for 2021-22 pre-tax profit
to 720 million pounds ($1.00 billion) from the 700 million
pounds forecast in April after full price sales in the 13 weeks
to May 1 fell 1.5% on two years ago.
($1 = 0.7191 pounds)
(Reporting by James Davey; editing by Michael Holden)

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