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UK's Next upgrades profit forecast again after strong Q3 sales

Wed, 28th Oct 2020 07:12

LONDON, Oct 28 (Reuters) - British fashion retailer Next
upgraded its full-year profit guidance for the third
time in as many months after full-price sales in its third
quarter exceeded its expectations.

The company, which does more than half of its sales online,
said full-price sales rose 2.8% in the 13 weeks to Oct. 24, its
fiscal third quarter.

It said its full-year pretax profit was now forecast at 365
million pounds, 65 million pounds higher than its central
scenario given in September.
(Reporting by Paul Sandle; editing by Kate Holton)

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