boohoo has traded strongly across all regions in the four months to 31 December, including the Black Friday weekend and key peak season Christmas period. Headline sales growth was 55% (52% CER), with the USA delivering standout growth of 230% (188% CER) to £19.6m. UK growth at 31% is in line with previous quarters adjusting for the wholesale business (annualising the start of this business). As a result, management have increased FY17 guidance for boohoo sales growth to between 43% and
10 Jan 2017
55% headline sales growth, strong trading through key period lifts FY guidance yet again
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55% headline sales growth, strong trading through key period lifts FY guidance yet again
boohoo group Plc (BOO:LON) | 33.9 0 0.3% | Mkt Cap: 429.7m
- Published:
10 Jan 2017 -
Author:
Rachel Birkett, CFA -
Pages:
5
boohoo has traded strongly across all regions in the four months to 31 December, including the Black Friday weekend and key peak season Christmas period. Headline sales growth was 55% (52% CER), with the USA delivering standout growth of 230% (188% CER) to £19.6m. UK growth at 31% is in line with previous quarters adjusting for the wholesale business (annualising the start of this business). As a result, management have increased FY17 guidance for boohoo sales growth to between 43% and