Boohoo (LON: BOO) 3Q19 Trading Update: Sales Surge Prompts Raise in Full-Year Revenue Guidance

Executive Summary

• British online fashion retailer Boohoo Group reported a 43% year-over-year increase in revenues on a constant-currency basis, for the four months ended December 31, ahead of consensus expectations.
• Robust sales were driven by growth across all geographic regions, with particularly strong momentum in the U.S.
• Group gross margin expanded 170 basis points year over year to 54.2%.
• Boohoo raised its revenue guidance and now expects FY19 revenue growth of 43%–45%, versus 38%–43% previously.