Boohoo share price: what to expect from its full-year results
The fast-fashion online retailer has outperformed many of its rivals, with investors looking forward to its full-year results next week to highlight its success and offer an update on its growth plans for the year ahead.
When is Boohoo’s results date?
Boohoo will release its preliminary results on April 24.
Boohoo results preview: what does the City expect?
Boohoo has had a strong 12 months of trading, with investors looking forward to its full-year results on Wednesday next week to shed light on how the business plans to carry this momentum forward into 2019.
The online fast-fashion retailer upped its full-year revenue guidance in January after its sales increased by 44% in the four months to December, with group revenues rising to £328.2 million, up from £228.2 million a year prior.
Group revenue growth for the financial year to 28 February 2019 is expected to be 43% to 45%, ahead of our previous guidance of 38% to 43%. Boohoo expects group adjusted EBITDA margins to be between 9.25% and 9.75%, narrowing the range from the 9% to 10% as previously guided, with all other guidance remains unchanged.
‘We are delighted to be reporting yet another great set of financial and operational results and would like to say a very big thank you to all our team and customers,’ Boohoo joint CEOs Mahmud Kamani and Carol Kane 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.’
Boohoo ‘immune’ to challenging retail environment
A major component in Boohoo’s success in 2018 came from acquisitions it made a year prior, with the group extending its customer offering through its takeover of fashion brands, PrettyLittleThing and Nasty Girl. Both investments have not only broadened the group’s range but widen its net of customers with Boohoo now selling to more than 11 million people globally across its brands.
‘The Boohoo group appears to have been immune to the tough retail conditions faced by UK retailers over the past few months, especially in November,’ Global Data retail analyst Emily Salter said. 'And the prevalence of discounting does not seem to have dented profit margins with gross margin increasing on last year.'
'2019 is highly likely to be another successful year for the group, as it continues to expand internationally as UK growth slows due to the relative maturity of the brands,’ she added.
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