The Hut Group has reported Christmas sales growth ahead of previous forecasts and upped its full-year expectations, while The Very Group reported its “best ever Christmas trading period”.
The Hut Group recorded a 51% jump in sales in the quarter to December 31, ahead of previous guidance on sales growth during the period of between 40% and 45%.
As a result of this strong sales performance, which was driven by a 66.2% spike in sales across its beauty division, the online retail group has upped its full-year forecast for the third time since debuting on the stock market in September.
The Hut Group now expects to deliver full-year sales growth of between 30% and 35%, driven by sales momentum and expected contribution from recent acquisition Dermstore, up from previous sales growth forecasts of between 20% and 25%.
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