Next sales in the first quarter exceeded forecasts

Sales of British clothing retailer Next in the first fiscal quarter ended May 7, amounted to about 40 million pounds, exceeding the company's forecasts due to better weather in April. A week before the end of February, Next sales fell by 10% due to heavy snowfalls. Over the week in mid-April, they grew due to a sharp warming of more than 25%. Sales in stores decreased by 4.8%, online sales increased by 18.1%. In the first quarter, sales for the full price increased by 6%. The company raised the forecast for annual pre-tax profits to 717 million pounds. Against this background, Next shares went up by 6.8%.

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