Online group THG has reported what it described as its best first quarter for sales growth since Covid.
THG, which owns businesses such as Lookfantastic and Cult Beauty, posted a 4.6% year-on-year rise in group revenue to £393.1m in the quarter to March 31.
Sales at the beauty arm were up 2.4% to £233.3m, while nutrition was ahead 8.1% to £159.8m.
A new Lookfantastic store in Bristol was said to be “outperforming the initial flagship store launch, creating a localised halo effect supporting brand awareness and new customer acquisition”.
THG founder and chief executive 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.”
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