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UK retailer Next boosts 2025 profit outlook but warns of slower growth due to rising costs.
UK retailer Next has raised its annual profit outlook for the fourth time, now predicting a pre-tax profit of £1.01 billion for the year ending January 2025, up from £1.005 billion, due to a 6% rise in full-price sales.
However, Next warns of slower growth in 2025, expecting sales to grow by 3.5% and profits to increase by 3.6% to £1.05 billion, due to rising wage costs and increased taxes.
The company plans to offset these costs with a 1% price hike and operational savings.
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El minorista británico Next aumenta las perspectivas de beneficios en 2025, pero advierte de un crecimiento más lento debido al aumento de los costes.