29th Apr 2015 06:33
LONDON (Alliance News) - Next PLC Wednesday reported sales growth in the first quarter of 2015 ahead of its earlier guidance, which it said resulted from the earlier launch of its summer "New-In" brochure, which "helpfully" coincided with much warmer weather.
The fashion retailer reported sales growth of 4.1% in the thirteen weeks to April 25. It said full price sales were up 3.2%, slightly ahead of its guidance in March of 0% to 3%, and said total sales were up more than full price sales due to "a longer tail" to its winter end-of-season sale and a "larger mid-season sale" in Directory.
Next Retail's total sales grew 0.5%, while Next Directory's total sales grew 9.2%.
The retailer said its pretax profit guidance for the full year to January 2016 remains unchanged at GBP785 million to GBP835 million, while sales growth also remains between the 1.5% to 5.5% bracket.
Next said it will pay a further special dividend of 60 pence per share for the period.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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