LONDON — British clothing retailer Next on Thursday beat guidance for sales in the run-up to Christmas and raised its full-year profit outlook for a fifth time in ten months.
Next, which trades from about 500 stores and online, said full-price sales rose 20% in the eight weeks to Dec. 25 versus the same period in its 2019-20 year, before the pandemic impacted trading. That compares to guidance of a rise of 10.2%.
It forecast a full-year 2021-22 pretax profit of 822 million pounds ($1.1 billion) up from the 800 million pounds previously guided. ($1 = 0.7400 pounds) (Reporting by James Davey; Editing by Kate Holton)