Next impresses Metropolis with sturdy gross sales increase

Adam Vettese, analyst at eToro says: “Next seems to be the gift that keeps on giving as they deliver an increase in sales for Q1 that has come in ahead of expectations. They have been cautious about raising the full-year outlook due to a particularly warm Q2 last year and as a result anticipate a potential dip upcoming in comparison. Whilst the macro outlook has certainly improved, there may be some risk factors for retailers, as some uncertainty lingers, but it is still fair to say that Next is a pick of the sector. Despite a slight dip in the share price this morning which could well be a bit of profit taking, there is still scope for the price to push on this year.”