Next impresses investors over Christmas sales
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The price of shares in FTSE 100 retailer Next (LON:NXT) rose by 4.57% to 4,368p (as of 12:05 GMT) after the company announced that full price sales for the Christmas period were up by 1.5% relative to the prior year, largely due to improving online revenues. Total full price sales for the year to 29th December are 3.2% higher than during the same period of 2017.
However, due to a different product mix and operational costs linked with digital sales, full-year profit guidance has been cut by £4 million to £723 million.
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