Next PLC Lifts Guidance Again After Warmer Weather Drives Sales Beat
U.K. fashion retailer Next PLC upgraded its fiscal-year guidance for the second time after full-price sales rose by more than expected.
Photo: hollie adams/Reuters
U.K. fashion retailer Next PLC NXT -1.24 %decrease; red down pointing triangle upgraded its fiscal-year guidance for the second time after full-price sales rose by more than expected in the first quarter, when warmer weather encouraged shoppers to splash out on summer clothing.
The main-street chain—which is seen as a bellwether for the U.K. retail sector—on Thursday said full-price sales for the 13 weeks to April 21 rose by 11% compared with expectations of a 6.5% increase.
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