Next profit jumps 14.5%, sees Iran conflict-driven cost pressures ahead

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Iran rejects U.S. war proposal, says no talks before conditions met Oil prices climb over 2% as Iran reviews US proposal to end war This is the hottest stock in the market because of its Claude exposure MU, WDC, SNDK fall: Why Google’s TurboQuant is rattling memory stocks (South Africa Philippines Nigeria) Next profit jumps 14.5%, sees Iran conflict-driven cost pressures ahead By Author Vahid Karaahmetovic Earnings Published 03/26/2026, 03:44 AM Updated 03/26/2026, 03:52 AM Next profit jumps 14.5%, sees Iran conflict-driven cost pressures ahead 0 NXT 0.00% Investing.com -- British retailer Next said the U.S.-Israeli war against Iran is likely to raise costs and weigh on demand, while it reported a strong rise in annual earnings. The company posted group profit before tax of £1.158 billion, up 14.5% from £1.011 billion a year earlier, while group sales rose 10.8% year-over-year to £7 billion. Earnings per share came in at 744.2p. Get deeper corporate earnings insight on InvestingPro Next said the conflict could disrupt its business in the Middle East, which accounts for around 6% of total turnover. It has already factored in £15 million of additional costs tied to higher fuel and air freight expenses, assuming disruption lasts for three months. Those costs have been offset by savings elsewhere, leaving its guidance for the new financial year unchanged for now. “Beyond the next three months, if we see these costs persist, then we will begin to pass costs through as higher pricing – but for today that remains a contingency not a plan,” the company said. Looking ahead, Next slightly raised its profit outlook for the 2026/27 financial year. It now expects pre-tax profit of £1.21 billion, up 4.5% and £8 million higher than its January guidance, reflecting the stronger base. The group maintained its expectation for slower sales growth, even as trading at the start of the new year was solid. Sales in the first eight ...