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Boohoo Group (LSE: BOO) 1Q19 Update

Executive Summary

  • 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%.

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