
Next PLC Raises Profit and Sales Outlook After Strong YearâEnd Performance
âĒBy ADMIN
Related Stocks:PLC
British fashion retailer **Next PLC** has lifted its fullâyear outlook after reporting strongerâthanâexpected sales during the crucial endâofâyear trading period. The company said fullâprice sales rose **10.6% in the nine weeks leading to December 27**, outperforming analystsâ expectations and boosting confidence in both domestic and international demand.
Nextâs UK sales grew 5.9%, helped by improved stock availability and fewer supply chain disruptions compared with the previous year, while international sales surged 38.3% thanks to higher marketing investment and broader product availability.
As a result, Next now forecasts preâtax profits of about ÂĢ1.15âŊbillion for the year ending January 31, 2026âup from its earlier guidance and significantly above the prior yearâs profit of ÂĢ1.011âŊbillion. Its shares climbed about 3% on the news, extending gains over the past year.
Despite the upbeat results, CEO Simon Wolfson warned that profit growth and fullâprice sales gains are expected to moderate in 2026/27, citing tougher yearâonâyear comparisons and ongoing pressures on UK employment and consumer spending. Next also projects slower international growth compared with the exceptional performance this year.
#NextPLC #RetailSales #ProfitOutlook #UKBusiness #SlimScan #GrowthStocks #CANSLIM