Investors anticipate positive shifts in sales guidance from Next, a prominent high street retailer, as it prepares to release half-year results on Thursday.
- Next reports a 4.4% increase in full-price sales for the first half of the year.
- The retailer expects a 2.5% rise in full-price sales in the second half, maintaining its guidance.
- Next boosted its full-year profit forecast by £20m to £980m, following better than predicted first-half sales.
- Deutsche Bank suggests that Next may confidently upgrade its sales guidance for the forthcoming months.
Investors are poised for Next’s half-year results announcement, optimistic about potential upgrades in sales guidance. Next, a leading figure on the high street, has already demonstrated robust performance with a 4.4% increase in full-price sales during the first half of the year. This promising start has set a positive tone for the company’s financial outlook.
Maintaining a steady trajectory, Next has projected a 2.5% uplift in full-price sales for the second half of the year compared to last year. This consistency underscores the retailer’s strategic positioning in the current retail landscape.
The company recently adjusted its profit forecast for the full year, increasing it by £20 million to a total of £980 million. This revision reflects a 6.7% year-on-year growth, attributed to stronger than expected sales and efficient cost savings in logistics. Such gains have been crucial in bolstering investor confidence.
Analysts from Deutsche Bank have noted that Next’s recent trading activity might lead to a potential upgrade in their 2.5% brand sales guidance for the latter half of the year. This speculation is grounded in the favourable trading conditions observed over the past six weeks.
As Next prepares to share its half-year results, investors remain hopeful for an upward revision in sales guidance, buoyed by recent successes.
