Boohoo.com (LSE: BOO) Boohoo.com Raises FY17 Revenue Guidance and Acquires PrettyLittleThing

Executive Summary

• Boohoo.com announced a trading update and the acquisition of PrettyLittleThing, a smaller, fast-growing, online fashion pure play.
•  Boohoo.com said that trading trends have been strong since it reported 1H17 results on September 27, and it raised its guidance for FY17 revenue growth to 38%–42% from 30%–35%.
• The company also raised its FY17 EBITDA margin guidance to 11%–12%, up from previous guidance of around 11%.