Next has again raised its profit guidance for 2023 despite warm September weather hitting sales for its autumn range.
The retailer has increased annual pre-tax profit guidance by £10million to £885million, a near-£15million improvement from year previous.
It's the fourth time in five months that profit guidance has been increased by the brand.
The predictions come amid a difficult few months for the high street fashion and homeware retailer, with weekly sales in September falling by up to 7% due to the warm weather.
Next bounced back in October as the chilly autumnal weather breezed in. The retailer said: "volatility in sales performance is a result of changing weather conditions rather than any underlying changes in the consumer economy".
The company owns around 700 shops throughout the country, including in Union Square, Bon Accord Centre and Berryden Retail Park.
FTSE 100
The UK's flagship share index, the FTSE100, was up 54-points at 7,369 shortly after opening this morning.
Meanwhile, Brent crude futures were up 1.13% at $85.59 a barrel this morning.
Companies reporting today
- Apple - Q3 results
- Barrick Gold Corp - Q3 results
- BT Group - half year results
- Derwent London - Q3 corporate sales release
- Haleon - Q3 trading statement
- Helios Towers - Q3 results
- Hikma - trading statement
- Howden Joinery Group - Q3 trading statement
- J Sainsbury - half year results
- Novo Nordisk - Q3 results
- OSB Group - Q3 trading statement
- Shell - Q3 results
- Smith & Nephew - Q3 trading statement
- TI Fluid Systems - Q3 trading statement
- Trainline - half year results