British clothing retailer Next edged up its annual profit outlook for the third time this year on Wednesday, as it reported a better-than-expected 9.2 per cent rise in second-quarter full-price sales, benefiting from the country’s hot weather.Next had forecast that second-quarter full-price sales growth would slow to 4 per cent after growth of 6.2 per cent in its first quarter, reflecting a tough comparative number in the same period last year.However, sales were £70 million ahead of forecast - £19 million in the UK and £51 million overseas.Next attributed the over-performance to the weather in the UK being as warm as last year’s exceptional summer, which it had not anticipated, and the release of pent-up demand in the Middle East and Northern Europe after a weaker first quarter in both territories.Also, Next said it was able to spend much more on profitable marketing than it had anticipated.The group said it now expected a year to January 2027 profit before tax of £1.243 billion, versus previous guidance of £1.218 billion and the £1.158 billion made in 2025/26.Next kept its forecast for full price sales for the rest of the year to be up 5 per cent versus last year.Reuters
Clothing retailer Next nudges up profit guidance after robust quarterly sales
Sales were £70 million ahead of forecast - £19 million in the UK and £51 million overseas










