27 May 2024, 00:51
By Furniture News Nov 02, 2022

Next Q3 "slightly ahead of expectations"

In a new trading statement, Next says the 13 weeks to 29th October saw full price sales grow by +0.4% YoY, slightly ahead of expectations.     

In its Q3, online sales fell -1.9%, retail sales grew +3.1%. Interest from finance income helped turn a negative sales result into a positive overall.  

The retailer is maintaining its guidance for full year profit before tax of £840m (up +2.1% YoY).

Full price sales in the last five weeks were up +1.4%, boosted by one particularly strong week at the end of September, when temperatures dropped and sales of heavier-weight products improved, says Next. The retailer still expects full price sales for the rest of the year to be down -2% YoY.

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