Next Shares Soar 8% On Forecast Hikes, Leads FTSE 100 Higher [Forbes]
TESCO PLC S/ADR (TSCDY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
At £106.20 per share, Next's share price was last 6.3% higher on the day and the blue-chip index's biggest riser. Total sales at Next rose 8.2% during the 12 months to January, to £6.32 billion, propelled by a 5.8% improvement in full-price sales. As a consequence, pre-tax profit soared through the £1 billion marker for the first time last year. At £1.01 billion, this represented a 10.1% year on year increase. Next raised the full-year dividend to 233p per share from 207p in financial 2024. PROMOTED Strong Upgrade Next also announced a upgrade to sales and profit forecasts for the current financial period. It said that “full price sales in the first eight weeks of the year have been ahead of our expectations.” Full-price sales during the first half are now expected to b
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