Recently witnessed turmoil in global markets has coincided with the end of Boohoo’s Q2 period. Although no formal update is anticipated, we believe investors should take note of a continuation of growth trends despite tougher comps and FX headwinds, providing further confirmation its strategy is back on track. We have upgraded full year sales by £5m as a result. Ordinarily this would wash through to a c5% upgrade but it is management’s stated intention to reinvest back into future growth given t ....
26 Aug 2015
Continuing growth permits reinvestment. Target price raised by 14%
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Continuing growth permits reinvestment. Target price raised by 14%
boohoo group Plc (BOO:LON) | 33.9 0 0.4% | Mkt Cap: 429.7m
- Published:
26 Aug 2015 -
Author:
Matthew McEachran -
Pages:
4
Recently witnessed turmoil in global markets has coincided with the end of Boohoo’s Q2 period. Although no formal update is anticipated, we believe investors should take note of a continuation of growth trends despite tougher comps and FX headwinds, providing further confirmation its strategy is back on track. We have upgraded full year sales by £5m as a result. Ordinarily this would wash through to a c5% upgrade but it is management’s stated intention to reinvest back into future growth given t ....