Next lifts profit guidance again as sales soar

(Sharecast News) - UK clothing retailer Next once again upgraded annual earnings guidance as full price sales in the first six weeks of the second half of the year "materially exceeded" expectations, rising 6.9%. It lifted 2024/25 pre-tax profits forecasts £15m to £995m, up 8.4% on last year after interim profits for the six months to July surged 7.1% to £452m.

Reporting by Frank Prenesti for Sharecast.com