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Boohoo revenue up 44%

Boohoo has reported a 44% uplift in quarterly group revenue to £328.2 million after sales rose across all of its geographic regions. Sales at its Boohoo… View Article

FASHION

Boohoo revenue up 44%

Boohoo has reported a 44% uplift in quarterly group revenue to £328.2 million after sales rose across all of its geographic regions.

Sales at its Boohoo retail fashion brand climbed by 15% in the four months to 31 December while sales at Pretty Little Thing and Nasty Gal increased by 95% and 74% respectively.

Mahmud Kamani and Carol Kane, Boohoo joint chief executives, said: “We remain firmly focused on continuing to provide our customers with great fashion at unbeatable value. The global growth opportunity is significant and we will be addressing it in a controlled way – investing in our proposition, operations and infrastructure to capitalise on the opportunity.”

Looking ahead to the end of its financial year on 28 February, Boohoo said group revenue growth for the year is expected to be in the range of 43% to 45%, which is ahead of its previous guidance of 38% to 43%. The company is expecting its group adjusted EBITDA margins to be between 9.25% and 9.75%.

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