Next holds annual guidance after Q1 store sales soar
Next
8,774.00p
16:40 19/04/24
-0.79%
-70.00p
UK retailer Next maintained annual guidance after first-quarter sales rose on the back of store re-openings as Covid restrictions eased.
FTSE 100
7,895.85
16:59 19/04/24
n/a
n/a
FTSE 350
4,341.08
17:09 19/04/24
n/a
n/a
FTSE All-Share
4,296.41
17:08 19/04/24
n/a
n/a
General Retailers
3,864.64
17:09 19/04/24
1.57%
59.64
The company on Thursday said full-price sales in the 13 weeks to April 30 rose 21.3% against a weak comparative last year when its stores were shut during pandemic lockdowns. Store sales in the period rose were up 285%.
Next said it still expected full price sales to increase 5% in 2022-23 and pre-tax profit up 3.3% to £850m.
Online sales, which benefited from store closures in 2021, fell 11% year-on-year.