THG sales rise driven by growth in beauty and nutrition
THG revenues have risen year on year driven by strong performances in the beauty and nutrition categories, while its full-year profit guidance remains unchanged.
For the third quarter ending September 30, 2022 THG sales were up 2.1% to £518.6m, driven primarily by a 4.9% increase in beauty sales to £259.7m and a 2.9% growth in nutrition sales to £163.8m.
Sales on its THG Ingenuity platform increased 1.3% to £51.7m, but the sales were dragged down by weaker performances during the period from THG OnDemand, down 18.5% to £24.5m, and other products, which slipped 4.4% to £18.9m.
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