Next lowers profit outlook as inflation and Ukraine war take toll

The shift in outlook comes as Next reported profit for last year that met estimates

File Picture: Yui Mok/PA Wire

Next, the clothing and housewares chain, has lowered its profit and sales guidance for this year as the Ukraine war, weaker international sales and rising inflation temper its outlook.

The retailer forecast a profit of £850m (€697m) in the year through January, a £10m drop on its previous estimate.