Growth in Q1 of 41% is ahead of expectations and well ahead of the previous FY guidance of 25%, which has today been raised to 25-30% and which could also prove overly prudent. Testimony to the improved digital and operational capabilities, KPIs have all trended up - including average order values (a positive surprise). Critically, full price sales also increased. Whilst Retail gross margin is lower than anticipated, part of this is FX related and will reverse. Furthermore, continued marketing e ....
08 Jun 2016
3.5% EPS upgrade, growing confidence in capabilities/potential
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
3.5% EPS upgrade, growing confidence in capabilities/potential
boohoo group Plc (BOO:LON) | 36.1 0 0.0% | Mkt Cap: 457.7m
- Published:
08 Jun 2016 -
Author:
Matthew McEachran -
Pages:
3
Growth in Q1 of 41% is ahead of expectations and well ahead of the previous FY guidance of 25%, which has today been raised to 25-30% and which could also prove overly prudent. Testimony to the improved digital and operational capabilities, KPIs have all trended up - including average order values (a positive surprise). Critically, full price sales also increased. Whilst Retail gross margin is lower than anticipated, part of this is FX related and will reverse. Furthermore, continued marketing e ....