LONDON--British clothing chain Next PLC (NXT.LN) on Tuesday
warned that it is likely to lower its full year profit guidance if
the unusually warm weather continues for the full duration of
October.
The retailer said cooler weather in August resulted in several
very strong weeks, while warmer weather in the more important month
of September has had the reverse effect.
Next's current guidance range for full-year profit is 775
million pounds ($1.3 billion) to GBP815 million.
The retailer said third-quarter sales to date are up 6%, which
is lower than the company's previous forecast of a 10% rise.
Next said its profit forecast for the full year remains within
the previous guidance, adding that its experience suggests that
some lost sales are regained when the weather turns.
Shares closed at 6,865.0 pence.
Write to Jana Simmons at jana.simmons@wsj.com
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