Next back in fashion after guidance upgrade

0 mins. to read
Next back in fashion after guidance upgrade
1000 Words /
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

Shares in FTSE 100 clothes retailer Next (LON:NXT) climbed 8.37% to 6,086.20p (as of 12:20 BST) after it upped its full-year full-price sales guidance. Full-price sales during the first half of the year were up by 4.2% and the growth was driven by online and finance income while high street retail continued to struggle.

Sales during the second quarter were 4% higher than during the same period of 2018, 450 basis points higher than the company had been expected to achieve.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *