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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Boohoo Group PLC    BOO   JE00BG6L7297

BOOHOO GROUP PLC

(BOO)
  Report  
Delayed Quote. Delayed London Stock Exchange - 09/20 11:35:23 am
268.2 GBp   -0.74%
09/05LONDON STOCK EXCHANGE : Strong sterling knocks FTSE 100 despite trade lull
RE
09/05Fashion conscious Boohoo online sales bloom, lifting shares
RE
08/16CORRECTION : Director's Dealing
PU
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Boohoo : Britain's Boohoo bucks subdued retail market with stellar sales

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06/12/2019 | 02:50am EDT
A shopper walks pass advertising billboards for Boohoo and for 'Pretty Little Things', a Boohoo brand, at Canary Wharf DLR station in central London

LONDON (Reuters) - British online fashion group Boohoo bucked a tough retail market with robust sales growth in its latest quarter as its offer of cheap clothing, delivered quickly, chimed with shoppers.

Boohoo, which sells own-brand clothing, shoes, accessories and beauty products, said on Wednesday group revenue rose 39% to 254.3 million pounds in the three months to May 31, its fiscal first quarter.

The group achieved strong revenue growth across all geographies with UK sales up 27% and international up 56%. Its gross margin was 55%.

Founded just 14 years ago in Manchester, northern England, Boohoo has expanded quickly, listing its shares in 2014 and buying the PrettyLittleThing and Nasty Gal brands in 2017. The firm is tapping-in to a generation of younger consumers who shop on their mobile phones and share fashion tips through social media.

The group kept its guidance for the full 2019-20 year - revenue growth of 25% to 30% with a core (adjusted EBITDA) profit margin of around 10%.

Shares in Boohoo, up 42% so far this year, closed Tuesday at 230.1 pence, valuing the business at 2.67 billion pounds.

While Boohoo is thriving, the wider sector is struggling.

Last week an industry survey said British shoppers cut back on their spending in May by the most in more than 20 years, raising questions about how long consumers can keep on cushioning the economy from the impact of Brexit.

On Tuesday shares in fashion retailer Ted Baker lost more than a quarter of their value after warning on profit.

And while Boohoo is expanding rapidly peer Philip Green's Topshop-to-Dorothy Perkins Arcadia fashion group is fighting for its survival.

(Reporting by James Davey, Editing by Paul Sandle)

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Latest news on BOOHOO GROUP PLC
09/05LONDON STOCK EXCHANGE : Strong sterling knocks FTSE 100 despite trade lull
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09/05Fashion conscious Boohoo online sales bloom, lifting shares
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More news
Financials (GBP)
Sales 2020 1 174 M
EBIT 2020 94,2 M
Net income 2020 54,8 M
Finance 2020 213 M
Yield 2020 -
P/E ratio 2020 60,9x
P/E ratio 2021 46,2x
EV / Sales2020 2,47x
EV / Sales2021 1,90x
Capitalization 3 112 M
Chart BOOHOO GROUP PLC
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Technical analysis trends BOOHOO GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 290,68  GBp
Last Close Price 268,20  GBp
Spread / Highest target 34,2%
Spread / Average Target 8,38%
Spread / Lowest Target -29,2%
EPS Revisions
Managers
NameTitle
Mahmud Abdullah Kamani Joint Chief Executive Officer & Executive Director
Carol Mary Kane Joint Chief Executive Officer & Executive Director
Peter Wodehouse Williams Non-Executive Chairman
Neil James Catto Chief Financial Officer & Executive Director
Harold Markry Dixon Director-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
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FAST RETAILING CO LTD21.52%62 158
ROSS STORES25.90%37 891
HENNES & MAURITZ50.07%32 180