Updates

Boohoo.com

February 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Online fast fashion group Boohoo announced that revenues rose 40% in the four months ended 31 December, comfortably ahead of consensus expectations of +29%. All territories performed well with the UK increasing 40% to £357.2m, the USA up 52% to £167.7m, Rest of Europe jumping 30% to £90.4m and Rest of World ahead 20% to £45.5m.Headwinds from rising distribution costs, planned promotions and accelerated customer acquisition (marketing) spend were offset by lower product returns, leaving EBITDA margin guidance unchanged at 10%. Boohoo is to open a new warehouse to extend its capacity and has removed 64 suppliers as it regularises its supply chain.Jefferies has upgraded EBITDA forecasts by 4% from £ ...

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