Boohoo Group (LSE: BOO) 3Q18 Trading Update: Doubles Revenue, Raises Guidance

Executive Summary

• Boohoo.com reported group revenue of £228.2 million in 3Q18 (the four months ended December 31, 2017), up 93% year over year at constant currency.
• Group retail gross margin softened by 20 basis points to 54.2% during the period.
• Boohoo.com raised its group revenue guidance for the third time this fiscal year. The company now expects FY18 revenue growth of 90%, versus 80% previously.