Boohoo to beat sales forecasts
Online fashion retailer Boohoo.com has said it has traded well in the first five months of the financial year and that the start to August has been encouraging.
In a trading statement, the company said the sales momentum seen in the first quarter has continued into the second quarter.
As a result, Boohoo now anticipates that the results for the current year will be above expectations with increased sales growth of between 28% and 33%. This compares to the previous guidance of 25% to 30%. It also anticipates improved EBITDA margins.
The company will be announcing its results for the six months to 31 August on 27 September.
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