NEXT plc upgrades profit guidance after strong Q2 sales
Full price sales rose 9.2% in Q2, ahead of forecast, leading to a £25m increase in full year pre-tax profit guidance to £1,243m.
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British multinational clothing, footwear and home products retailer
nextplc.co.ukLast updated
In short: NEXT plc raised its profit guidance multiple times following strong sales growth and successfully overturned a £30m equal pay ruling.
Full price sales rose 9.2% in Q2, ahead of forecast, leading to a £25m increase in full year pre-tax profit guidance to £1,243m.
Sales exceeded forecast by £28m, adding £8m profit; full year profit guidance raised to £1,218m. Mitigates Middle East conflict costs via price increases and savings.
Since 2015, it has reached 28,000+ workers, supported 4,400 students, provided healthcare to 2,400 patients, and secured 257 jobs. This year, 42 children entered education and medical camps were organized.
Full price sales rise 10.9%, group profit before tax reaches £1,158m (up 14.5%). Guidance for next year maintained at 4.5% sales growth, profit up to £1,210m.
A judge ruled Next can pay warehouse workers more because it is harder to recruit and retain them.
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Next Plc raised its outlook for the third time this fiscal year, driving its shares to a record after sales surged in the second quarter...
Next plc (LSE:NXT) has upgraded its full-year outlook after delivering stronger-than-expected second-quarter trading, with full-price sales increasing 9. 2% compared with the same period last...
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