Second, we expect pre-tax profit for the current fiscal year to reach £720 million.
Next (LON:NXT), a British fashion outlet, has increased its full-year profit guidance as it was announced better than its expected first-quarter deal.
In addition to its online presence, the FSTE 100 Group, which has around 500 shops, has a central guidance on pre-tax taxes for fiscal year 2021/2022, at £720 million, £20 million more than forecast for April. I’ve confirmed that there are a lot.
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The news came despite a 1.5% decline in all price sales from May 1 to May 1 compared to a year ago before the coronavirus pandemic affected trading levels. I’m doing it.
Previous guidance from Next predicted that first quarter sales would fall 10% over the same period in fiscal year 2019/20, but the forecast was £75 million.
The group showed strength during the pandemic thanks to online sales, but some of its rivals, including Primark, did not do much.
Second, first quarter retail sales from stores fell 76% two years ago, reflecting the Covid-19 lockdown, with online sales rising 65%.
Total price sales over the past three weeks have risen 19%, reflecting the recent relaxation of pandemic restrictions.
“Evidence from last year suggests that the surge in lockdowns in this post will be short-lived, and we expect sales to settle to guidance levels within the coming weeks.”
