UK's Next nudges up profit outlook after first quarter sales rise
06/05/2026 07:07
LONDON, May 6 (Reuters) - British clothing retailer Next NXT.L on Wednesday reported a better-than-expected 6.2% rise in first quarter full price sales and edged up its full-year profit guidance. Next said it was maintaining its guidance for full price sales for the rest of its 2026/27 year and plans to mitigate the cost increases caused by the Iran war with a combination of "moderate" price increases in some international territories and operational cost savings. UPDATE 3-Retailer Next warns of demand hit and higher prices if Iran war persists nL8N40E0B3 (Reporting by James Davey; editing by Sarah Young) ((james.davey@thomsonreuters.com))