Next Raises Sales Forecast After Beating Estimates

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April 30 (Bloomberg) –- Bloomberg’s Caroline Hyde reports on Next revising its sales and profit forecasts after beating estimates in the first quarter. She speaks to Anna Edwards on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

Retail story.

This business is sounding pretty confident this morning.

They are sounding confident.

Raising their four-year sales and profit target.

They got off to a very good start in the first quarter.

Sales improved for their brands, up almost 11%. the business is outperforming.

They are not particularly confident in terms of raising their sales targets.

It is the good weather that has helped.

It cut off many people from going to the stores.

The first quarter of this year was far more rainy, but not cold.

It has been called up to three percent higher on the back of that confidence.

They outperformed in terms of profit last year.

They are still the biggest clothing retailer in the u.k. they could soon usurp in terms of the biggest clothing retailer.

I have nailed online profit.

They just added their online presence.

At stores such as these, you can click and collect.

They are adding more and more space.

Making them architecturally more beautiful.

Sounds like next is off to a very good start to the year.

Consumer confidence is rising to a seven-year high.

I will have things back to you.

Caroline hyde reporting.

This text has been automatically generated. It may not be 100% accurate.

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