British retailer Next Plc's full price sales up 0.4% in Q3 FY23

06 Nov '22

1 min read

Pic: Vytautas Kielaitis / Shutterstock.com

Next plc, a British multinational clothing, footwear, and home products retailer, has reported that its full price sales were up 0.4 per cent versus last year in the third quarter of current fiscal 2022-23 (FY23) that ended October 29. The company has maintained its guidance for full year profit before tax at £840 million, up 2.1 per cent versus last year.

As for the company’s Q3 full price sales performance by business channel, the online sales grew by 1.9 per cent and its retail sales (UK and Ireland) grew by 3.1 per cent, Next said in its trading statement.

Next is maintaining its previous guidance for full price sales for the rest of the year to be down 2 per cent versus last year.

Based on the profit guidance for the full year, earnings per share of 554.5p would be up +4.5 per cent versus last year.

ALCHEMPro News Desk (KD)

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