H1 FY24 Results: H1 FY24 performance reflects the challenging macro-economic backdrop, with weaker consumer sentiment impacting demand through H1. Group revenue of £729.1m is 17.4% lower YOY (H1 FY23: £882.4m), with decline across all geographies (UK: (19.0)%, USA: (11.4)%, ROE (16.0)%, ROW (23.2)%). Revenue from core brands (Boohoo, Boohoo Man, PLT, Karen Millen and Debenhams) is down 10%YOY, in line with previous management guidance. Sales have fallen more sharply across the Group’s other labe ....
03 Oct 2023
boohoo Group (BOO LN) - Margins expand despite macro headwinds
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boohoo Group (BOO LN) - Margins expand despite macro headwinds
boohoo group Plc (BOO:LON) | 31.8 0 (-0.4%) | Mkt Cap: 403.9m
- Published:
03 Oct 2023 -
Author:
Rachel Birkett, CFA -
Pages:
10
H1 FY24 Results: H1 FY24 performance reflects the challenging macro-economic backdrop, with weaker consumer sentiment impacting demand through H1. Group revenue of £729.1m is 17.4% lower YOY (H1 FY23: £882.4m), with decline across all geographies (UK: (19.0)%, USA: (11.4)%, ROE (16.0)%, ROW (23.2)%). Revenue from core brands (Boohoo, Boohoo Man, PLT, Karen Millen and Debenhams) is down 10%YOY, in line with previous management guidance. Sales have fallen more sharply across the Group’s other labe ....