3rd Dec 2019 09:12
(Alliance News) - Boohoo Group PLC said Tuesday it saw a record performance over the Black Friday weekend and trading since half-year end on August 31 remained "strong" across key brands.
"Both warehouses have had a strong operational performance," the online fashion retailer added.
Boohoo said: "Our new brands, Karen Millen, Coast, and MissPap, have been successfully integrated onto our platform. Initial ranges have been very well received, and we continue to broaden our product ranges as we progress our multi-brand strategy."
The company added that its continues to trade "comfortably" in line with market expectations.
In the year to the end of February, boohoo reported 38% growth in pretax profit to GBP59.9 million, as revenue rose 48% to GBP856.9 million.
Revenue growth across all territories and brands was strong, the company noted, with UK revenue up 37% and international revenue up 64%.
Shares in Boohoo were up 3.4% in London on Tuesday morning at 309.80 pence each.
By Paul McGowan; [email protected]
Copyright 2019 Alliance News Limited. All Rights Reserved.
Related Shares:
Boohoo