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Next upgrades full-year guidance on strong second quarter

Next upgrades full-year guidance on strong second quarter
FILE PHOTO: Mannequins are pictured in the window of a Next clothing store in London, Britain, March 26, 2009. REUTERS/Luke MacGregor/File Photo -
Luke MacGregor(Reuters)
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LONDON (Reuters) – British clothing chain Next <NXT.L> upgraded its forecast for full-year sales and profit after a stronger-than-expected second quarter performance, particularly in July, which saw a 6.8% rise in full prices sales against the same month last year.

The company said on Wednesday it now expected full price sales for the year to rise by 3.6% against its earlier 1.7% forecast, and profit would be about 725 million pounds, 10 million pounds higher than its previous guidance.

(Reporting by Paul Sandle; editing by Costas Pitas)

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