Next lifts profit outlook and plans moderate price rises
British retailer Next reported a 6.2% rise in first-quarter sales and increased its annual profit forecast to 1.218 billion pounds. The company plans to mitigate rising costs from the Iran war through moderate price increases in international markets and internal cost savings.
NEXT PLC will implement moderate price increases in international markets to offset rising costs linked to the conflict in Iran. The United Kingdom retailer raised its full-year profit guidance to £1.218B following a 6.2% jump in first-quarter sales. Investors are weighing the sales beat against warnings that prolonged Middle East tensions could dampen global consumer demand.
### Sales Growth Outpaces Conflict Disruptions Next reported that full-price sales growth reached 6.2% for the quarter ending May 2. This performance exceeded internal expectations, driven by a surge in volume during the first five weeks of the year. The retailer noted this growth occurred before the regional conflict began to impact logistics and pricing.
