The British retail giant Next has reported results for the first quarter of 2025, which were “better than expected”. In the 13 weeks until April 26, the company recorded an increase in sales by 11.4 percent compared to the same period last year.
The results were favored by an increase in international online sales by 29.6 percent and the warmer weather, which according to the retailer “favored the sale of summer clothing”. Against this background, Next said that part of these sales may have been preferred to the second quarter. Therefore, the company has decided not to increase its sales forecast for the current quarter or the rest of the year. It is also expected that retail sales will be “largely stagnated” again.
In Great Britain, online sales in the reporting period rose by 4.2 percent, while label sales increased by 15.7 percent. Retail increased by 5.2 percent, which contributed to an increase in total sales in Great Britain by 7.3 percent.
Meanwhile, the forecast for the Group’s profit before taxes is increased by £ 14 million (16.5 million euros) to £ 1.08 billion, since sales were £ 55 million in the first quarter over the original forecasts. The group sales at the full price for the year are currently estimated at £ 5.4 billion, which corresponds to an increase of six percent compared to 2024/25.
With a view to the second half of the year, Next was more careful about sales, since the results in autumn/winter 24 (HW24) were significantly stronger. It is also expected that the increase in National Insurance by the British government will determine the entire economy and, as a result, may have an impact on performance.
Next has scheduled his sales update for the 26 weeks until July 26, 2025.
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