Jan 6, 2022
Next pushes up profit forecast after strong Christmas trading
Next has kicked off the Christmas trading update season with a very festive profit upgrade. The high street bellwether nudged up its forecast for full-year profits by £22m to £822m after better than expected trading in the eight weeks before Christmas. Full prices sales were up 20 per cent on two years ago. It warned prices would rise by up to 6 per cent in the second half of the year, because higher shipping costs are proving stickier than expected and it faces wage inflation in the UK. Tell me what you think. Roisin Currie, Greggs' retail and property director, will take over as chief executive in May. Like-for-like sales edged higher in the final quarter of the year against 2019 figures, despite the move to work from home in December.
Related companies
Make a complaint about Next by viewing their customer service contacts.
