UK retailer Next Plc outperforms guidance in Q2

The company beat its full-price sales estimates by £93 million in the period. Consequently, the company has increased its full-year sales guidance by £137 million and raised its profit guidance for the full year by £40 million to £835 million, Next said in a press release.

The company reported a slight decline in Q1, with sales down 0.7 per cent, but rebounded significantly in Q2. The full year guidance has been revised from a decrease of 1.5 per cent to an increase of 1.4 per cent, reflecting an overall optimistic perspective for the rest of the year.

ALCHEMPro News Desk (DP)