Boohoo Group (LSE: BOO) 1Q19 Update

Executive Summary

• Boohoo.com reported 1Q19 group revenue growth of 53.0% to £183.6 million in the three months ended May 31, 2018.
• Group gross margin expanded by 100 basis points to 55.2% during the quarter.
• The company maintained the guidance provided at the FY18 results update: for full-year revenue growth in the range of 35.0%–40.0% and adjusted EBITDA margin of 9.0%–10.0%.