July 31, 2019 / 6:16 AM / 2 months ago

Next upgrades full-year guidance on strong second quarter

LONDON, July 31 (Reuters) - British clothing chain Next 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 ($881.6 million), 10 million pounds higher than its previous guidance. ($1 = 0.8224 pounds) (Reporting by Paul Sandle; editing by Costas Pitas)

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