The bumper festive period led to the High Street giant to raise its profit forecast by 5% to £960m for 2024. NEXT has about 460 outlets in the UK and Ireland.
The company also expects sales to grow by 3% in 2024/25 but warned that attacks on shipping in the Red Sea could cause delays and disruptions to its stock supply.
NEXT’s full price sales were up 5.7% in the nine weeks to 30th December, £38 million ahead of its previous guidance of 2%.
The company’s share price closed at: 8146.00 on 29th December 2023, as of 4th January 2024 the share price was: 8550.
Is this an indication of better news for the UK high street in general?
Congratulations NEXT.