• Q1 financial highlights: Group revenue of £445.7m is -8.3% YOY vs. a strong comp (Q1 FY22 revenue +32.1%), in line with Zeus’s forecast and management’s previously stated guidance. Gross sales growth remained positive +9% YOY but was offset by higher returns driven by normalisation of returns rates due to product mix change. In our view the impact of lockdown restrictions over the past two years limits the usefulness of assessing the Group’s progress on a YOY basis. Over the three-year pre-pan ....
16 Jun 2022
Boohoo Group plc (BOO LN) - Q1 Trading Update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Boohoo Group plc (BOO LN) - Q1 Trading Update
boohoo group Plc (BOO:LON) | 33.6 0 (-0.3%) | Mkt Cap: 426.8m
- Published:
16 Jun 2022 -
Author:
Rachel Birkett, CFA -
Pages:
10
• Q1 financial highlights: Group revenue of £445.7m is -8.3% YOY vs. a strong comp (Q1 FY22 revenue +32.1%), in line with Zeus’s forecast and management’s previously stated guidance. Gross sales growth remained positive +9% YOY but was offset by higher returns driven by normalisation of returns rates due to product mix change. In our view the impact of lockdown restrictions over the past two years limits the usefulness of assessing the Group’s progress on a YOY basis. Over the three-year pre-pan ....