Next PLC raised its pretax profit guidance after sales in the pre-Christmas business period were better than it expected.

The fashion retailer—which is seen as a bellwether for the sector in the U.K.—said Thursday that it now expects pretax profit of 905 million pounds ($1.15 billion) for fiscal 2024 compared with previous guidance of GBP885 million. Full-price sales for the year ending Jan. 27 are seen at GBP4.78 billion compared with GBP4.74 billion previously.