Business & Investment

Clothing giant NEXT plans to make a full-year profit of £ 800m.

Clothing giant Next will recover from the coronavirus pandemic and make a full-year profit of £ 800 million.


Clothing giant Next will recover from the pandemic and make a full-year profit of £ 800m.

The FTSE 100 retailer will publish an update on Thursday to give insights into the Christmas period.

Bounce: Fourth-quarter sales, including congratulatory transactions, are expected to increase by 10%

Fourth-quarter sales, including congratulatory transactions, are expected to increase by 10%. Full-year revenue is estimated to range from £ 3.5 billion up to £ 4.7 billion.

Profit of £ 800m is more than double the £ 342m for the year to January 2021 when the store was closed due to blockades.

It also exceeds £ 479 million posted for the full year before the pandemic.

Turnaround is primarily due to its online division.

Plans to return surplus cash to investors will be carefully monitored for updates.

Next is set to begin paying dividends in January next year, and some analysts are wondering if share buybacks will resume.

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Clothing giant NEXT plans to make a full-year profit of £ 800m.

https://www.dailymail.co.uk/money/markets/article-10362857/Clothing-giant-set-post-800m-year-profit.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Clothing giant NEXT plans to make a full-year profit of £ 800m.

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