The boohoo Group has announced a 44% YOY increase in revenue for the four months to 31 December 2018 and upgraded full year revenue guidance for FY19. Trading over the key Christmas period has seen growth across all divisions and regions, bucking the trend of downbeat trading results seen across the wider retail sector. Of particular note, is this top-line progress has been delivered alongside a +170 basis-point expansion in Group gross margin YOY to 54.2%, at a time when heavy discounting ha

15 Jan 2019
Revenue +44%, Gross margin +170bps, FY19 Guidance upgraded

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Revenue +44%, Gross margin +170bps, FY19 Guidance upgraded
boohoo group Plc (DEBS:LON) | 20.2 0 (-1.0%) | Mkt Cap: 282.2m
- Published:
15 Jan 2019 -
Author:
Rachel Birkett, CFA -
Pages:
11 -
The boohoo Group has announced a 44% YOY increase in revenue for the four months to 31 December 2018 and upgraded full year revenue guidance for FY19. Trading over the key Christmas period has seen growth across all divisions and regions, bucking the trend of downbeat trading results seen across the wider retail sector. Of particular note, is this top-line progress has been delivered alongside a +170 basis-point expansion in Group gross margin YOY to 54.2%, at a time when heavy discounting ha