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Next Lifts Outlook as Demand Bucks Downbeat Consumer Outlook

Bloomberg Markets Wednesday 05 August 2026, 06:15 UTC By Maddie Parker 1 min read
Key Points

Next Lifts Outlook as UK’s Hot Summer Boosts Clothing Sales Next Plc raised its outlook for the third time this fiscal year, after sales surged in the second quarter due to warm UK weather and pent-up demand in the Middle East. The British fashion and homewares retailer now expects full-year pretax profit to rise 7.3% to £1.24 billion ($1.7 billion), Next said Wednesday, £25 million higher than its previous forecast. It also lifted guidance for full-priced sales after they jumped 9.2% in the...

Next Lifts Outlook as UK’s Hot Summer Boosts Clothing Sales Next Plc raised its outlook for the third time this fiscal year, after sales surged in the second quarter due to warm UK weather and pent-up demand in the Middle East. The British fashion and homewares retailer now expects full-year pretax profit to rise 7.3% to £1.24 billion ($1.7 billion), Next said Wednesday, £25 million higher than its previous forecast. It also lifted guidance for full-priced sales after they jumped 9.2% in the latest period, ahead of analyst estimates.
Next Lifts Outlook (ORG) UK (LOCATION) Hot Summer Boosts Clothing Sales (ORG) Next Plc (ORG) the Middle East (LOCATION) British (ORG) Next (ORG)
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