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https://www.morningstar.co.uk/uk/news/AN_1601458682636830100/top-news-boohoo-lifts-forecast-and-pledges-changes-after-supply-probe.aspx

ASOS is 175X - go over there & spread your drivel.

Boohoo posts sharp increase in first half sales and profits

(Sharecast News) - Online fashion retailer Boohoo appeared to successfully navigate the media furore over the allegedly sub-standard working conditions at one of its suppliers, posting sharp increases in sales and profits for the half.
The firm also guided higher for full-year sales growth.

Revenues over the six months ending on 31 August printed at £816.5m, up 45% on the comparable year earlier figure and in-line with the previous quarter's gain.

That drove a 51% jump in profits before tax to £68.1m.

Boohoo's operating cash-flow meanwhile improved from £55.9m one year ago to £147.2m and its net cash flow from £15.5m to £99.5m.

Looking ahead, Boohoo guided towards growth of 28-32% in full-year profits, up from the 25% previously forecast.

Nonetheless, Michael Hewson, chief market analyst at CMC Markets UK, labelled the company's guidance "cautious", pointing out that the new target range for topline growth "was still quite a step down from the increase seen in the first half of this year, even if it is a modest upgrade."

Net cash at period end stood at £344.9m, marking an increase of £137.6m, but again, as Hewson pointed out "some of that was as a result of the recent share placing to fund future acquisitions."

Your agenda is clear & we've been here with newspapers - yawn

ASOS did theirs and had one same day & 3 in the week

Replay here from 12pm

https://webcasting.buchanan.uk.com/broadcast/5f60844783507b593b4677e3

Notes above cover first 60 mins of 90 mins. Q&A interesting.

Gosh 90 mins in total - just finished.
Was absolutely excellent & reaffirms my investment

JP Morgan
Barclays
Peel Hunt
Liberum Capital
Morgan Stanley

all asking questions

Low growth Mar but huge Apr & May, then Jun-Aug normal + expected growth across ALL 9 brands

Just wait for the analyst upgrades as they are ALL on the call now

All the analysts are asking Questions
Pee Hunt asking about US
Expect Massive Upgrades here!
Boohoo, PLT & NG big in US

I posted notes on thread ">> Boohoo Earnings Webcast Notes << Top Notch - Well Done Team"
Q&A not on there

I suspect Analyst ratings to follow

Here they come

30-Sep-20 10:35:21 377.00 44,550 Buy* 376.40 377.30 167.95k O

Watched CEO, CFO & Co-founder - very professional hour long presentation!

- Admit issues found in Leicester
- Have ability to drive positive change & stop issues reoccurring
- Ambition to be fashion e-commerce leader
- Big investment in UK textile manufacturing industry
- Not afraid to act quickly
- 70,000 styles of clothing now!
- UK contribution - 1.5B sales, 5,000 direct jobs, saving UK brands, 80m paid Corp Tax
- Soucing more in Asia & Europe
- Directors of Sustainability & Compliance team in place
- Compliance programme for suppliers & manufacturing sub-contractors through accredited 3rd-party
- Group terminated many relationships from audits
- Will publish a list of approved audited suppliers
- Rolling out compliance globally
- Reducing waste improvements going well
- Invested in technology for auditing & compliance
- New supplier portal & app
- State of the Art facility in Leicester for not just Boohoo to help model legal manufacturing & train new people with 250 new jobs. Community access & not for profit - awesome!
- Fewer suppliers but more volume
- Audit everyone in 12 months, publish list in 6 months
- Implementing ALL QC recommendations
- Enhancing BoD compliance oversight with new ESG board member - Awesome!
- Fantastic first Half Year for group with record sales & record profit
- Boohoo & Leicester will flourish together
- Margins wont suffer but preference is to use Leicester
- 4.5m dresses sold but only 0.3% are the £5 dress - most £15-£35 -12% margin on £5 dress as it helps marketing
- Not disposable fashion & ethically sourced
- Sales up 45% - strong demand in all geographies
- Gross Profit up 47%
- Net cash 344.9M
- UK 37% up, US 83% up (HUGE!!), Rest of Europe & RoW all growing
- Cashflow strong +147M
- PLT fully owned
- Oasis & Warehouse fully integrated
- Customer KPIs - more customers +4.4M with 34% increase in orders!
- Increasing Capex Burnley & Sheffield spend to achieve 3.6B sales!!!!! WOW!
- Guidance 28% to 32% growth for FY upgraded - nice!
- VERY COOL video on all their 9 brands!
- 36m followers on social media
- Lots of new celebrity influencers
- Brands cover 13 -45 years of age
- Karen Millen & Coast growing & brands extended
- Launched TV advertising this year
- Oasis & Warehouse targeting every & urban women
- Very strong platform to deliver change close to achieve 1.5B sales through 9 brands
- Strong financial position
- Q&A

Agree - taking notes on earnings call - excellent presentation

https://webcasting.buchanan.uk.com/broadcast/5f60844783507b593b4677e3

Contact investorrelations@boohoo.com with your concerns immediately.

Contact investorrelations@boohoo.com with your concerns immediately.

Boohoo should get legal on them immediately - contact investor relations