Boohoo has issued a trading statement to reassure stakeholders that its performance remains on target, following this morning’s profit warning from Asos.
Asos now predicts a sales growth of 15%, compared with the previously predicted rise of 20%-25%.
Boohoo will release its trading update for the four months to 31 December on 15 January 2019.
In its last trading update for the six months to 31 August, Boohoo posted revenue growth of 50% to £395.3m. Its profit before tax increased 22% to £24.7m.