Q4 trading: Q4 revenue growth of +7% YOY is ahead of ZC est. of +4.9%. Moderation in growth over FY22 reflects tough prior year comps, with the closure of physical retail driving strong growth over Q4 FY21. On a two-year basis, against a pre-COVID comparative of Q4 FY20, revenue was +48% (equating to a CAGR of 21.7% from FY20-FY22). Return rates remained elevated through Q4, offsetting much stronger Q4 gross sales growth of +26% YOY, and +57% on a two-year basis (versus Q4 FY20). Increase in the ....
10 Mar 2022
Boohoo Group Plc (BOO LN) - Q4 Trading Update
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Boohoo Group Plc (BOO LN) - Q4 Trading Update
boohoo group Plc (BOO:LON) | 33.9 0 0.3% | Mkt Cap: 429.7m
- Published:
10 Mar 2022 -
Author:
Rachel Birkett, CFA -
Pages:
8
Q4 trading: Q4 revenue growth of +7% YOY is ahead of ZC est. of +4.9%. Moderation in growth over FY22 reflects tough prior year comps, with the closure of physical retail driving strong growth over Q4 FY21. On a two-year basis, against a pre-COVID comparative of Q4 FY20, revenue was +48% (equating to a CAGR of 21.7% from FY20-FY22). Return rates remained elevated through Q4, offsetting much stronger Q4 gross sales growth of +26% YOY, and +57% on a two-year basis (versus Q4 FY20). Increase in the ....