UK retailer Next reports 5.7% first-quarter sales increase, driven by 8.8% online growth.
UK retailer Next reported a 5.7% increase in first-quarter sales, surpassing its forecast of 5% growth. Online sales drove the positive results, rising 8.8% during the period. The retailer anticipates a weaker second quarter due to tough comparisons with last year's warm weather. Despite this, Next maintains its forecasts for full-year sales and pre-tax profit growth at 6% and 4.6% respectively.
May 01, 2024
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