RE: OIl To Reach $10019 Sep 2023 16:18
TheWatcher2022 - there may be a requirement for clothes. However, there's loads and loads of competition for this requirement. It's a cut throat industry now with pricing wars. This means low margins. Boohoo's EBITDA margin in the past was as high as nearly 13%. On average it was around 10%. FY 2023 was 3.6% and now their guidance for fy 2024 is 4% to 4.5%. This is what the competition has done to Boohoo and will continue to do to Boohoo.