Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Boohoo ups full year sales guidance

Young fashion etailer Boohoo expects its full year sales to be above market expectations, following “robust” trading and strong sell through of seasonal stock.

Boohoo June 2016  6

Boohoo June 2016 6

Boohoo said sales growth for 2016 will be between 28% and 33% instead of the previous guidance of 25% to 30%.

The firm added that EBITDA margins are also likely to improve, with further details to come at the etailer’s interim results in September.

A statement from the company said: “The start of August has been encouraging. Demand has been robust and sales momentum in the first quarter has continued into the second quarter. Sell through of seasonal stock has been strong through the spring and summer season.”

Tags

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.