Next has upgraded its guidance in its quarterly market update for the seventh time in a row as the clothing giant continues its impressive run.
Full price sales across its business rose 5.7% over the 13 weeks to April 27, above previous guidance of 5%.
However, the group expects half year sales growth to be just 2.5% due to changes in weather.
The company said: "We are maintaining our guidance for full price sales in the first half to be up 2.5%. This implies that our sales in Q2 will be down 0.3%.
"We expect the sales performance in the second quarter to be weaker than the first quarter because last year benefited from particularly warm weather from late May through to the end of June."
Pre-tax profit at the retailer is expected to jump 4.6% to £960m in 2024/25 compared with the year prior.
FTSE 100
The UK's flagship share index, the FTSE 100, was up 13-points at 8,157 shortly after opening this morning.
Brent crude oil futures were down 0.80%, trading at $85.64 a barrel.
Companies reporting today
- Aston Martin - Q1 Results
- Barrick - Q1 Results
- Computacenter - Q1 Trading Statement
- GSK - Q1 Results
- HALEON - Q1 Trading Statement
- Mastercard - Q1 Results
- Next - Q1 Trading Statement
- Pfizer - Q1 Results
- Smith & Nephew - Q1 Trading Statement