Next PLC on Wednesday said full price sales for the quarter increased thanks to cold weather in September, as it maintains its profit guidance for the year.

Next is a Leicester, England-based multinational clothing, footwear and home products retailer.

In the 13 weeks to October 29, full price sales including interest income were up 0.4% from a year prior, slightly ahead of the company’s expectations. Total product full price sales fell by 0.1%.

While online sales took a small hit, falling 1.9% over the quarter, retail sales grew 3.1% from last year.

In the last 5 weeks, full price sales were up 1.4%, which Next attributed to a ‘particularly strong week’ at the end of September, when temperatures dropped and the sales of heavier weight products improved.

Looking ahead, the company said its full-year guidance remains unchanged. It expects full price sales for the rest of the year to be down 2%, and profit before tax of £840 million, a 2.1% increase on last year’s £823.1 million.

Next expects earnings per share of 554.5 pence, up 4.5%.

Next shares were trading 2.7% higher at 5,098.00p each in London on Wednesday morning.

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