Boohoo raises full-year guidance after ‘strong revenue growth’

Boohoocom

Fast-fashion etailer Boohoo has grown faster than expected this year and expects sales to exceed previous guidance.

The online fashion group said in a trading update this morning that it now expects sales this year to grow between 33% and 38%, compared to its previous guidance of 25%-30%.

EBITDA margins for the financial year are unchanged at around 10%, in line with its previous guidance.

Boohoo said this reflected investment it had made throughout the year “including the three brands it acquired in the first half”, including struggling fashion brand Karen Millen and Coast.

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