Manchester-based online retailing group THG plc published a first-quarter trading statement for the period ended March 31, 2026, showing its strongest group Q1 revenue growth since 2021.

THG said first-quarter total revenue rose 7% to £393.1 million.

THG operates through two consumer businesses — THG Beauty and THG Nutrition. THG Beauty operates online platforms including Lookfantastic, Dermstore and Cult Beauty. THG Nutrition is led by Myprotein.

THG CEO Matthew Moulding said: “It is energising for everyone at THG to see such a strong start to 2026, building on the better-than-expected momentum we delivered in H2 2025.

“In Beauty, Lookfantastic is once again outperforming the market following two years of business model change, while the US continues to perform strongly.

“In Nutrition, our diversification into margin-accretive categories is now clearly paying dividends. Activewear continues to deliver exceptional growth, with annualised run-rate sales fast approaching £100m. Growth across activewear and other high-margin categories, including creatine, hydration and collagen, is helping to offset record whey commodity pricing.

“While the geopolitical backdrop remains uncertain, we enter Q2 with confidence after a better-than-expected Q1, giving us a stronger base against any unforeseen risks later in the year.”