Following a strong Q3, Next has increased guidance for Q4 full price sales growth by 1% to 3.5%.
Full price sales in the third quarter (August to October) for Next were up 7.6% year-on-year, which was 2.6% ahead of its guidance for the period. The retailer says the increase was due to the early arrival of colder weather, versus an unusually warm period last year.
The improved sales in Q3, together with the increased forecast for Q4 add £43m to full price sales and £10m to profit. Accordingly, Next is upgrading its profit guidance for the full year from £995m to £1,005m.
