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Revenue jumps 39% at Boohoo Group

Boohoo Group has reported a 39% increase in revenue to £254.3m for the three months to 31 May.

After “continued strong growth” across all of its brands, which include Boohoo, PrettyLittleThing and Nasty Gal, revenue rose 27% in the UK and 56% internationally.

Sales were up 27% to £123.5m at Boohoo; 42% to £112.1m at PrettyLittleThing and 153% to £18.2m at Nasty Gal.

The company said trading in the first quarter has been “strong” and that it expects group revenue growth to be 25%-30% at the end of the 2019/20 financial year.

It also hopes for an adjusted EBITDA of “around” 10%.

john lyttle

John Lyttle

CEO John Lyttle commented: “The group has made a strong start to the year. We have ambitious plans for the group and continue to invest, to ensure that our multi-brand platform is well-positioned to disrupt, gain market share and capitalise on the global opportunity in front of us.”

Last week, the chair of the environmental audit committee (EAC) wrote to Boohoo over concerns that it refused to meet with trade union representatives. 

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