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2025-10-29 16:54:16
[Next Raises Profit Forecast Again] ⑴ British fashion retailer Next reported a 10.5% increase in full-price sales in the third quarter ending October 25, exceeding market expectations. ⑵ The company raised its full-year profit guidance for the fourth time in eight months, now expecting pre-tax profit of £1.135 billion for the year ending January 2026. ⑶ This forecast is an improvement from the previous guidance of £1.105 billion and also higher than the actual profit exceeding £1 billion for the first time in 2024/25. ⑷ Next's share price rose 5% on Wednesday, bringing its year-to-date gain to 48%. ⑸ The company's sales performance in both the UK and overseas exceeded expectations, with UK sales growing by 5.4%. ⑹ Overseas sales surged by 38.8%, partly reflecting higher-than-expected digital marketing spending. ⑺ The company raised its fourth-quarter full-price sales growth forecast to 7.0%. ⑻ Next has over 800 stores in the UK and Ireland, including brands such as Reiss, Joules, and FatFace. (9) Analysts point out that Next should benefit from real wage growth in the UK, but remains somewhat sensitive to employment prospects and consumer borrowing costs.
