Online fashion retailer Boohoo has posted a jump in group sales as it continues to “disrupt and capture market share”.
The fast-fashion retailer posted strong revenue growth across all its geographies, with the UK up 27% and its international markets up 56%.
Boohoo posted a 27% jump in sales to £123.5m and gross margin increased to 54.1%, up from 52% for the same period last year.
PrettyLittleThing’s sales soared 42% to £112.1m; however, gross margin was down slightly to 55.9% compared with 58.7% in the comparable period.
Nasty Gal’s sales spiked 153% to £18.2m, albeit from a lower base.
The group continues to expect group revenue growth to be 25%-30% with an adjusted EBIDTA margin of around 10% for its current financial year.
Boohoo chief executive 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.
“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.”