*
skip to Main Content
enquiries@thearmchairtrader.com

That changed in mid-April, culminating in a 19-month high of £2.51 at the end of that month following its full year results. boohoo shares now sit at a current trading price of £2.31.

Basically everything about boohoo’s final results on April 24th impressed. Revenue was up 48% to £856.9 million against the 45.5% increase forecast, with gross profit leaping 53% to £469 million following a 190bps improvement to the gross margin to 54.7%. Pre-tax profit, meanwhile, rose 38% to £59.9 million, lagging behind forecasts of a 55% surge.

Once again PrettyLittleThing was the driving force behind the company’s revenue growth, with the brand posting a 107% jump in sales to £374.4 million. That was ahead of both Nasty Gal, which was up 96% to £47.9 million, and a far slower – but still enviable compared to its bricks and mortar peers – 16% increase at boohoo to £434.6 million.

As for its guidance, it said trading in the first few weeks of the financial year had been ‘encouraging’, meaning group revenue is forecast to rise 25% to 30% year-on-year. Adjusted EBITDA margin is expected to be at around 10%, while boohoo is looking to spend £50 million to £60 million.

This article is brought to you in association with Spreadex. All opinions expressed in this article are from the author and do not necessarily represent the opinions of The Armchair Trader. You can find out more about Spreadex products and services here, or find more articles from Connor Campbell here.

Share this article

Connor Campbell

Connor joined Spreadex in 2014 as part of a newly expanded financial analyst team after graduating from the University of Southampton with an MA in English. His focus is on providing Spreadex's customers with up-to-date and informative news, and is responsible for the market analysis found on the Spreadex website.

Connor produces three daily market updates, a daily stock earnings preview, a weekly financial market preview piece every Friday, a round-up of all the big financial stories making the weekend press every Monday morning and regular stock market features.

Oops! We could not locate your form.

Oops! We could not locate your form.

Oops! We could not locate your form.

Oops! We could not locate your form.

Oops! We could not locate your form.

Sign up for our daily morning digest

Stay ahead with our latest market analysis and insight, direct to your inbox every weekday morning at 8am

  • This field is for validation purposes and should be left unchanged.

 

Market insight and analysis, direct to your inbox

  • This field is for validation purposes and should be left unchanged.

 

Back To Top