Business · 5 August 2026

Next raises profit target to £1.24bn, plans £169m payout.

The high street chain is also upgrading its overall sales goal to £7.5bn and planning larger investor payouts. Stronger second-quarter spending from shoppers in both Britain and overseas left the business £70m ahead of its earlier forecasts. Shareholders will receive £169m in leftover cash through further stock buybacks or a special one-off dividend.

By BriefTea Editorial · 5 August 2026 at 8:52

Reported by City AM · How we write briefs

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Are UK high streets recovering? How does global spending affect UK? What are stock buybacks? What is a profit target?

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