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Boohoo raises full year revenue forecast

Online fashion retailer Boohoo.com has reported that it has put in a strong sales performance since its last trading update on 10 January. In a pre-close… View Article

FASHION

Boohoo raises full year revenue forecast

Online fashion retailer Boohoo.com has reported that it has put in a strong sales performance since its last trading update on 10 January.

In a pre-close trading statement, the company said it now expects group revenue growth for the year to 28 February to be around 50% ahead of the previously guided range of 46% to 48%.

It also explained that it is continuing to benefit from improved operating leverage in the business and now expects to deliver an adjusted EBITDA margin at the top end of the previously guided range of 11% to 12%. This guidance relates to Boohoo.com and the recently acquired Prettylittlething.com, which has been consolidated from 3 January 2017.

Boohoo.com will announce its preliminary results for the twelve months to 28 February on 26 April.

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