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Home / Knowledge / News / Apparel/Garments / Boohoo margin up 52.5% for 4 months till Dec 2017
Boohoo margin up 52.5% for 4 months till Dec 2017
19
Jan '18
Courtesy: Boohoo
Courtesy: Boohoo
For four months till December 31, 2017, fashion e-commerce marketplace Boohoo has recorded 52.5 per cent increase in its gross margin as against 53.1 per cent for the same period previous year. The group's retail gross margin for the reported period went up 54.2 per cent in comparison to 54.4 per cent for the same period in the corresponding year.

Bohoo acquired majority interest in PrettyLittleThing on January 3, 2017 and acquired intellectual property of Nasty Gal on February 28, 2017.

The revenue of Bohoo was up 25 per cent to a total of £142.6 million while the year-to-date revenue was £324.4 million. For the reported period, the revenue of PrettyLittleThing was recorded at £73.8 million while that of Nasty Gal was £11.9 million, increasing month-on-month from start-up in March 2017.

"We are delighted to report another set of strong financial and operational results, with record sales in the four months to December across all our brands. The Black Friday period was our most successful ever and we traded well throughout the period under review. Boohoo has continued to perform well, delivering strong revenue growth on increasingly challenging comparatives last year. PrettyLittleThing has continued to deliver exceptional 2 results and Nasty Gal is making excellent progress in its first year. Our focus remains on the customer proposition: offering the best range of the latest fashion at affordable prices, coupled with great customer service," said Mahmud Kamani and Carol Kane, joint CEOs.

The company's revenue growth for this financial year is now expected to be around 90 per cent, ahead of its previous guidance of around 80 per cent, which was raised from 60 per cent at its interim results in late September. "We now expect group adjusted EBITDA margins to be between 9.25- 9.75 per cent, narrowing the range from the 9-10 per cent as guided at our interim results," the company said in a press release. (RR)

Fibre2Fashion News Desk – India


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