FASHION RETAIL NEWS UK
Boohoo full year results to beat expectations
5 September, 2019 | by Angela Beevers
Boohoo is now expecting its full year results to come in ahead of expectations following a good performance in the first half of its financial year.
In a trading update, the owner of the Boohoo, Pretty Little Thing and Nasty Gal retail brands said sales in the first half of the year had been ahead of expectations with strong revenue growth.
Consequently, the group now says that full year sales growth is expected to be between 33% and 38% compared to previous guidance of 25% to 30%.
The group’s EBITDA margins for the financial year are expected to remain at around 10%.
