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Next sales in the first quarter exceeded forecasts

11.05.2018 12:00:18

Sales of British clothing retailer Next in the first fiscal quarter ended May 7, amounted to about 40 million pounds, exceeding the company's forecasts due to better weather in April. A week before the end of February, Next sales fell by 10% due to heavy snowfalls. Over the week in mid-April, they grew due to a sharp warming of more than 25%. Sales in stores decreased by 4.8%, online sales increased by 18.1%. In the first quarter, sales for the full price increased by 6%. The company raised the forecast for annual pre-tax profits to 717 million pounds. Against this background, Next shares went up by 6.8%.

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