The £1.01bn group revenue earlier than tax marks a ten% rise yr on yr from £916m.
The retailer has raised its forecast for 2025, predicting a full-year gross sales improve of 4.3%.
Complete gross sales grew 8.2% throughout the yr, from £5.8bn £6.3bn, nevertheless, like-for-like gross sales had been down 1.2%, impacted by difficult financial circumstances.
On-line UK gross sales had been up 4.6%, with income for the web division growing 8%.
Subsequent’s market, LABEL, demonstrated strong progress, with third-party model gross sales growing by 8.8%.
Subsequent predicts a 2% dip in like-for-like gross sales throughout the yr, though it hopes new shops will improve gross sales by 1.7%, considerably offsetting the loss.
“It’s uncommon for Subsequent to start a yr on an optimistic notice,” the retailer included in its assertion, “but that was our stance this time final yr. It felt as if the corporate was getting into a brand new period: the worst of the retail-to-online structural shift gave the impression to be behind us, the pandemic was nicely and really over, and the price of dwelling disaster was abating.
“Subsequent has spent seven years altering course and is, for now, clear in its course of journey. So on this
report we’ll spend much less time explaining our course, and focus as a substitute on how we intend to construct momentum, and navigate among the challenges we’re more likely to meet alongside the way in which.
These initiatives construct upon the deep structural change that now we have engineered inside our enterprise over the past 5 years: an evolution that has allowed us to interrupt freed from historic constraints and develop on two more and more unbiased fronts – Product (the Subsequent Model) and Platform.”
