Next, retail stores in the United Kingdom became only in history to spread annual profits before taxes that exceed one billion pounds, as they joined the ranks of Tesco, Marks & Spencer and Kingfisher.
FTSE 100 from the fashion list and home appliances recorded a profit of 1.01 billion pounds for the year until January 25-an increase of 10.1 percent over the previous year-its instructions for the next year.
The shares jumped up to 9.55 percent in early trading on Thursday to 109.40 pounds after the group increased from the profit expectations by 20 million pounds to 1.066 billion pounds, noting that sales of full prices are expected at the beginning of the fiscal year. Full sales of the price increased in the first eight weeks of the year by 5 percent, prompting the group to review its sales expectations for the entire year of 3.5 percent to 5 percent.
However, Al -Muqbel warned that it was not increasingly forecast for the second half of the year, indicating strict and concerned comparisons about the impact of the upcoming tax increase. The company expects the planned increases in April to national insurance contributions and the minimum wage to weaken the job market in the UK and the consumer's confidence later in the year.
The strong performance of the Next was raised with an increase of 5.8 percent in full sales and a successful acquisition of distinguished brands including RISS and FATAFACE. Total group sales increased by 8.2 percent to 6.3 billion pounds – shortly before analysts expected.
CEO Lord Wolfson of Aspley Guise, who led the work since 2001, remained optimistic despite the signs of warning in the wider economy. He told investors: “We are positive in the company today, as we were at this time last year,” although it is in an environment in which the risks grow on the wider British economy. “
It has been widely credited with Wolfson-which is longer than the CEO of the longest FTSE service-widely in directing business during a period of rapid shift, moving to challenges from the cost of the living crisis, high inflation, and moving to e-commerce that has given many losses in the high streets.
This ninth time represents two years ago that this has sparked his profits, which enhances Wolson's reputation as a leader who suffers from a shortage of summaries. But even with standard profits, the company is not immune to cost pressure. In January, the following confirmed that it will raise prices by 1 percent this year to help compensate for 67 million pounds of wages by January 2026, driven by government tax changes and wage changes.
Internationally, the retail seller expects sales to grow abroad from 24 percent to about 20 percent, as he spends marketing in markets such as Saudi Arabia, Australia and the United States.
After that, which runs 458 stores in the UK, continued to outperform the difficult retailer. While the JD Sports competition was once considered in the race in the race to become a billion pounds of profit, it regained its expectations in January after the weakest Christmas trading is expected.
With the shares rise by 20 percent over the past 12 months and early trade that reflects the investor's confidence, the following remains a prominent success story in the high street – but with increasing pressure on costs, taxes and demand for consumer, the retail seller knows that the next path may be less smooth.
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