Sparks

Next (LSE: NXT): Q325 trading prompts further increase in profit guidance

While consumer confidence has dipped recently as the nation frets about the budget, Next’s profit guidance for the year continues its gentle upward trajectory as a result of better-than-expected sales in Q325 (August to October). Management states that the arrival of cold weather this year versus a warmer September and October last year has been helpful. Full price sales increased by 7.6% in Q325 versus Next’s prior guidance of 5%, against a good comparative of 5.5% growth in Q324, which adds approximately 1% to the company’s guidance for FY25 profit before tax to £1,005m.

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30.10.24

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