The Investors Chronicle said15 Jan 2019 22:31
A lot have changed since we reported on boohoo.com’s (BOO) interim results last September, particularly the discussion around “fast-fashion” and its detrimental effect on the environment. This mounting backlash against such unsustainable businesses perhaps explains why Boohoo shares failed to find any positive momentum in early trading, despite revealing strong growth during the last four months of 2018 - enough to prompt a full-year earnings upgrade. The group now expects full-year revenue growth to be between 43 per cent and 45 per cent, ahead of previous 38 per cent to 43 per cent guidance. The market is clearly still on edge from last month’s profit warning from close rival Asos (ASC) which said sales and profits for the year would fail to meet expectations after a weak November.