High Street Bellwether Next Lifts Guidance Despite Rising War Costs, Prices

Next Plc raised its profit forecast for a fifth time this financial year after sales surged during the key Christmas period. The update signals stronger-than-expected holiday trading and improving demand trends for the British retailer. The repeated guidance raise should support sentiment toward the stock and peers in UK retail.

Analysis

Next Plc raised its profit forecast for a fifth time this financial year after sales surged during the key Christmas period. The update signals stronger-than-expected holiday trading and improving demand trends for the British retailer. The repeated guidance raise should support sentiment toward the stock and peers in UK retail.