Share Prices & Company Research

Market News

30 Oct 2019 | 09:03

Next sales up 2% in third quarter; sticks to annual guidance

Clothing retailer Next reported a 2% rise in full-price sales over the third quarter and stuck to its annual profit guidance.

Retail sales over the three months through September fell 6.3%, while online sales rose 9.7%.

Product full-price sales rose 1.6% and the company also benefited from 7.0% growth in finance interest income.

Next said it still expected to post annual full-price sales growth of 3.6% and a full-year pre-tax profit of £725m.

Sales in September were adversely affected by unusually warm weather, but Next said it saw a significant improvement in October when temperatures fell.

'We believe the improved sales growth in October recouped some of the lost sales in September and we do not expect sales growth for the rest of the year to be as strong as October,' it added.

At 9:03am: (LON:NXT) Next PLC share price was -204p at 6646p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.