Boohoo releases prelims on 26 April. Sales momentum was strong when it last reported and we expect this to have continued. Confidence in these upcoming results (N+1E £15.0m PBT) is therefore high, albeit a material beat is unlikely given guidance to reinvest. We also have confidence in the growth plans given a clear focus on the customer experience, product (range extension) and price points. There is scope for positive newsflow on expanding brand sales via 3rd parties (new profit stream), DC in ....
13 Apr 2016
Results preview – target price raised to 50p – re-iterate Buy
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Results preview – target price raised to 50p – re-iterate Buy
boohoo group Plc (BOO:LON) | 33.7 -0.2 (-2.0%) | Mkt Cap: 428.1m
- Published:
13 Apr 2016 -
Author:
Matthew McEachran -
Pages:
4
Boohoo releases prelims on 26 April. Sales momentum was strong when it last reported and we expect this to have continued. Confidence in these upcoming results (N+1E £15.0m PBT) is therefore high, albeit a material beat is unlikely given guidance to reinvest. We also have confidence in the growth plans given a clear focus on the customer experience, product (range extension) and price points. There is scope for positive newsflow on expanding brand sales via 3rd parties (new profit stream), DC in ....