upgrades revenue growth forecast

Manchester-based online fashion giant plc said revenue growth for its current financial year is now expected to be around 90%, ahead of its previous guidance of around 80%, which was raised from 60% at its interim results in late September.

Boohoo shares rose about 2% to around 212p to give the firm a current stock market value of around £2.38 billion, according to Reuters data.

In a trading statement for the four months ended December 31, 2017, said its Black Friday trading period was its most successful ever.

The firm said year-to-date revenue at boohoo was up 34% to £324.4 million, year-to-date revenue at PrettyLittleThing was up 232% to £146.4 million, and year-to-date revenue was £20.2 million at Nasty Gal. joint CEOs Mahmud Kamani and Carol Kane said: “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 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.”