UK retailer Next's sales surge 8% in H1 FY25

In the second quarter (Q2 FY25), full price sales rose by 3.2 per cent year-on-year, exceeding expectations by £42 million (approximately $53.6 million). Despite forecasting a 0.3 per cent decline due to an exceptionally strong summer last year, the company achieved better-than-expected results. Full price sales in the UK, combining online and retail channels, were slightly above expectations, increasing by 0.4 per cent. Overseas online sales performed exceptionally well, growing by 21.9 per cent, the company said in a press release.

As a result of these strong performances, Next Plc has raised its profit guidance for the full year by £20 million to £980 million (approximately $1.25 billion), representing a 6.7 per cent increase compared to the previous year.

ALCHEMPro News Desk (DP)