- Annual profits guided to rise 5 per cent
- Sales decline expected in Q2
Next (NXT) shares have risen by more than a third over the past 12 months as the company got into the habit of raising guidance on the back of better than expected trading. As with the full-year results release in March, there was no upgrade in this first-quarter update, but the full-price sales performance for the 13 weeks to 27 April did come in ahead of management forecasts.