It surged Tuesday after the group posted a surge in online sales.
However, profits from sales that exceed expectations over the Christmas period could be offset by the losses faced in the next lockdown.
Online sales increased 36% in the nine weeks ending December 26th. In-store sales in the UK fell 43%. Total sales were 1.1% lower than in the same period in 2019. This is far better than the expected 8% decline for retailers.
Analysts say they are confident in their next performance after a strong Christmas sale.
“We are pleased to announce that Richard Hunter, market head at Interactive Investor, said: Still, the group continues to navigate difficult times with aplomb. With his well-known expertise in financial management, the following is a prime example of scenario planning, and he also tends to lean towards the attention side. ”
Next, we are facing delivery disruptions due to supply chain traffic from the Far East. Simon Wolfson CEO said the stock levels are expected to “return to normal levels by the end of March.”
“At the moment, many of our delivery are running 2-3 weeks late. We expect this level of disruption to last until the New Year. Our stock levels are currently falling,” the retailer said. I said that.
Retailers are forecasting profits of £670 million next year.
Next Shares (LON:NXT) is trading +8.42% at 7,494.00.
