UK's Next upgrades profit forecast again after strong Q3 sales

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Paul Sandle Reuters
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Credit: REUTERS/Stefan Wermuth

British fashion retailer Next upgraded its full-year profit guidance for the third time in as many months after full-price sales in its third quarter exceeded its expectations.

LONDON, Oct 28 (Reuters) - British fashion retailer Next NXT.L upgraded its full-year profit guidance for the third time in as many months after full-price sales in its third quarter exceeded its expectations.

The company, which does more than half of its sales online, said full-price sales rose 2.8% in the 13 weeks to Oct. 24, its fiscal third quarter.

It said its full-year pretax profit was now forecast at 365 million pounds, 65 million pounds higher than its central scenario given in September.

(Reporting by Paul Sandle; editing by Kate Holton)

((paul.sandle@thomsonreuters.com; +44 20 7542 6843; Reuters Messaging: paul.sandle.thomsonreuters.com@reuters.net))

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