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Boohoo hails strong Christmas performance

Boohoo grew its revenue by 44% to £473.7 million in the four months to 31 December. Revenue at the Boohoo fashion brand was up 42% to… View Article

FASHION

Boohoo hails strong Christmas performance

Boohoo grew its revenue by 44% to £473.7 million in the four months to 31 December.

Revenue at the Boohoo fashion brand was up 42% to £232.6 million while revenue at Pretty Little Thing rose by 32% to £190.8 million.

Meanwhile, the group increased revenue at the Nasty Gal brand by 102% to £41.5 million.

John Lyttle, Boohoo chief executive, said: All of our brands have performed exceptionally well and delivered strong market share gains. We have continued to see operating leverage in our more established brands and will continue to invest into them and our newly-acquired brands.

“The newly-acquired brands, MissPap, Karen Millen and Coast, are showing great promise and open different target markets for the group, in line with our strategy to build our multi-brand platform.”

Boohoo now expects group revenue in the year to 29 February 2020 to come in at between 40% to 42%. This compares to a previous guidance of 33% to 38%.

 

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