Next PLC’s Shares Rise After Full-Year Guidance Raise

Shares in Next PLC NXT 5.87%increase; up pointing triangle climbed after the retailer lifted its guidance for the current fiscal year and posted sales for the second quarter ahead of expectations.

The U.K. group said Wednesday that it now targets pretax profit of 1.24 billion pounds ($1.67 billion) for the fiscal year through January 2027. It had previously anticipated pretax profit of 1.22 billion pounds. Full-price sales should rise 6.3% to 6 billion pounds, up from a prior forecast of a 5% increase.