During the Christmas selling period, the British clothes store Next recorded a 6 per cent rise in full price sales over the previous year.
According to the corporation, the end-of-season sale’s timing was the cause of the performance. After adjusting for the impact of sales, underlying full price sales increased by 5.7 per cent as opposed to the 3.5 per cent increase predicted earlier.
Full-price sales grew by US $ 33.91 million as a result of the overachievement, and the company’s full-year profit before tax projection rose by US $ 6.28 million to US $ 1268.53 million. Pre-tax earnings per share (EPS) are now expected to increase 11.4 per cent and group profit before taxes to increase 10 per cent over the previous year.
Next projects a 3.5 per cent increase in full price sales and a 3.6 per cent increase in profit before taxes to reach US $ 1313.75 million for the year ending January 2026.
