Prelims are c5% ahead of expectations after a strong end to the year, especially in the UK (+46%) which was the driver of the beat. Much like a year ago, guidance for FY17 is conservative meaning forecasts will not be changing today. However, via strategic enhancements across the business, especially to the product and service offering, and helped by price reinvestment, Boohoo has established strong momentum in its target markets and KPIs provide confidence in future growth. The shares have done ....
26 Apr 2016
FY16 beat expectations, good start to FY17, and long term potential
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FY16 beat expectations, good start to FY17, and long term potential
boohoo group Plc (BOO:LON) | 33.6 0 (-0.3%) | Mkt Cap: 426.8m
- Published:
26 Apr 2016 -
Author:
Matthew McEachran -
Pages:
4
Prelims are c5% ahead of expectations after a strong end to the year, especially in the UK (+46%) which was the driver of the beat. Much like a year ago, guidance for FY17 is conservative meaning forecasts will not be changing today. However, via strategic enhancements across the business, especially to the product and service offering, and helped by price reinvestment, Boohoo has established strong momentum in its target markets and KPIs provide confidence in future growth. The shares have done ....