Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Online retailer Bohoo Group left its guidance unchanged despite reporting a 39% jump in revenues, led by international stronger first-quarter international performance.
The online retailer forecast revenue growth of 25% to 30% and an adjusted underlying earnings (EBITDA) margin of around 10%, unchanged from guidance given in April.
The unchanged outlook on growth comes as the online retailer said revenue grew 39% to £254.3m in the first-quarter of the year, driven by strong revenue growth across all geographies with UK up 27% and international up 56%.
Gross margin decline slightly to 55.0% in the first quarter from 55.2%.
PrettyLittleThing and Nasty Gal brands continued to gather momentum during the quarter, with revenues up 42% and 153%, respectively. The Boohoo brand generated revenue of £123.5m up 27%.
The USA and Rest of Europe reported growth of 64% and 72%, respectively, while rest of world delivered growth of 26%.