LONDON (Alliance News) - FTSE 100-listed fashion retailer Next PLC on Tuesday said its full-price brand sales rose in the first half of its financial year and said it has upgraded its full-year pretax profit expectations after its sales came in ahead of guidance.
Next said its total sales in the 26 weeks to July 25 were up 3.5%, with 0.8% growth in retail sales and 7.5% growth in directory sales in the period. The sales were marginally ahead of the guidance of 0% to 3% growth that Next issued in March.
As a result of the beat to its sales growth guidance, Next said it has upgraded its pretax profit forecast for the year to GBP810 million to GBP825 million, up 1.9% on its previous forecast.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Next (NXT)