The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
THG Revenue By Territory
FY21 USA 19%
FY22 USA 20%
FY23 USA 18%
Lots of scope to grow this business in America hence Williams partnership and Vegas show looking to see this percentage grow for FY2024
For US revenue the numbers speak for themselves though, down 15% YoY, that's despite USD strength and inflationary environment - volume drop will have been greater still.
Sheila little steps, I remember when the Iceland deal was first announced and they got a few SKUs in there and all the naysayers said it wouldn't work and yet here we are from £0m to £50m revenue in no time at all.
Revenue from Myprotein products sold under licensing arrangements scaled rapidly to over £36m (FY 2022: c.£2m). Under these arrangements, our licensing partners record the revenue from products sold i.e. £36m, with THG Nutrition receiving a royalty payment.
With a Q1 2024 revenue of circ £50m already this sector is showing exponential growth and shows no sign of stopping :)
Do you lot do any research or just ramp
the range is here
https://www.myprotein.com/sports-nutrition/limited-edition-box-marvel/15049593.html
you are welcome
Except moulding said they would licence in and not out in analyst call for USA.
come on guys, you just have no facts.
USA business for myprotein is 30m quid at break even, not great is it
Did you even bother to check how many skus costco has of myprotein.
2!!!
https://www.costco.com/CatalogSearch?dept=All&keyword=myprotein
it used to have more. yet more moulding lies and fakeness
In my mind the next move from THG will be to launch the frozen range that currently is sold in Iceland and has expanded rapidly since launch, into America...
Again in my mind they will have been gearing up one there to build stock to get out across their partner outlets, it will have taken time to get that done and hopefully this year we will see it come to fruition.
They already have a significant American operation including a top of the range auto fulfilment warehouse facility, the THG nutrition operation is a big deal and i think will one day be very valuable indeed.
I keep holding and will add if it falls to the low 50’s
GL all
WOW, that will move the needle!! over 1000 bought at 50 notes!!! Yen currency issue solved
Here is a link to the Marvel - MyProtein Insta promo video for those who haven't seen it
https://www.instagram.com/stories/myprotein/3346795808094033284/?igsh=MTl3N3hsdzB0MWF1OA
Looks like I should have read the article rather than just the pretty pictures
I like the idea that THG is now working with Costco USA, they have 604 stores across America and this tie-in with Marvel could be very productive. Imagine a Costco 'Spiderman Man' MyProtein Pizza selling in all their USA stores :)
Be interesting to see how big it is. Marvel don't actually own spiderman, but there is hulk product in pic, behind it I think that actually could be iron man and no idea about the third. Ironman just goes with protein products so sure that's there, I would expect Deadpool closer to film release if it's a long thing. Aesthetically I like it, for those that buy stuff because of this it's great, not so much for me :)
That's a further top up done. Now just to wait for news.
I quite liked the marvel link up this morning, however I think Iron Man and Deadpool may have been better suited than spiderman. Maybe they're in the pipeline?