Boohoo posts weaker quarter


Boohoo posts weaker quarter

Boohoo has confirmed that its total revenue for the 3 months to May 31st 2022 was £445.7 million which is 8 per cent down from the £486.1 million it generated for the same period last year. The outlook for the year remains unchanged with a return to growth in Q2.

John Lyttle, chief executive said: “I am pleased with the progress we are making towards our strategic priorities, which is already having a meaningful impact operationally within the business. We have seen promising signs from the group’s sales performance in the UK, which has improved month-on-month in the period and we are looking ahead towards our key summer trading season as holidays ramp up and customers look to the latest fashion from across our brands.”

 

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