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Boohoo Group (LSE: BOO) 1Q18 Update: Revenues Double, Comps Up 78%, Top-Line Guidance Raised

Executive Summary

  • grew 1Q18 revenues by 106%, or 98% at constant exchange rates, helped by the acquisition of PrettyLittleThing and the Nasty Gal brand.
  • Boohoo brand revenues were up 48% as reported, or up 44% at constant exchange rates.
  • The company updated its FY18 guidance to revenue growth of around 60%, from previous guidance of 50%.

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