THG reports “solid” third quarter performance
THG has posted its strongest quarter of organic sales growth since 2021, with third quarter revenue up 6.3% to £405.2 million following operating model changes and brand proposition investment.
The performance was driven by an uplift of 10% in THG Nutrition as well as continued momentum in beauty where revenue increased by 4.2%.
Following a successful launch, THG Beauty is on track for a record advent sales contribution in 2025.
Matthew Moulding, chief executive of THG, said: “I am pleased to report a solid Q3 performance, with a return to growth across both THG Beauty and THG Nutrition.
Subscribe to TRB“In THG Beauty, our focus on commercial discipline and elevating the brand proposition has driven a return to revenue growth, supported by a strong advent launch.
“Within THG Nutrition, we remain on track with our focus on expanding Myprotein’s D2C market share, alongside accelerating our global offline presence through retail and brand partnerships. A number of exciting new partnerships are set to be announced soon, helping us to further build on this year’s positive momentum.”
