Boohoo reports strong quarter
Boohoo has reported a 44 per cent increase in its quarterly group revenues which rose to £328.2 million after sales grew across all of its geographic regions. Sales from Boohoo were up by 15 per cent for the four months to 31 December with Pretty Little Thing and Nasty Gal up by 95 per cent and 74 per cent respectively.
Mahmud Kamani and Carol Kane, Boohoo joint chief executives, said: "We remain firmly focused on continuing to provide our customers with great fashion at unbeatable value. The global growth opportunity is significant and we will be addressing it in a controlled way - investing in our proposition, operations and infrastructure to capitalise on the opportunity."
Looking ahead to the end of its financial year on 28 February, Boohoo said group revenue growth for the year is expected to be in the range of 43 per cent to 45 per cent, rather than the previous guidance of between 38 per cent to 43 per cent.