Boohoo quarterly revenue soars 39% to £254m

Manchester-based online fashion giant Boohoo Group plc said on Wednesday its revenue soared 39% to £254.3 million in the three months to May 31 with UK revenue up 27% and international revenue up 56%.

Boohoo said it continues to expect group revenue growth to be 25% to 30% for the full year and that all other guidance remains unchanged.

Boohoo revenue rose 27% to £123.5 million, PrettyLittleThing revenue jumped 42% to £112.1 million, and Nasty Gal revenue soared 153% to £18.2 million.

Boohoo Group CEO John Lyttle said: “The group has made a strong start to the year as we continue to disrupt and capture market share in the UK and internationally across all our brands.

“I’m delighted that the group topped the UK Hitwise rankings in May for the first time, demonstrating how our multi-brand strategy is really capturing our customers’ attention.

“We have ambitious plans for the group, and continue to invest to ensure that our scalable multi-brand platform is well-positioned to disrupt, gain market share and capitalise on the global opportunity in front of us.”

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