RE: general market weakness16 Dec 2021 08:55
Issues - announced today.
Boohoo (LON:BOOH) - Quarterly group total net sales up 10% to £506.2 million. Expectations for the financial year ending 28 February 2022 will be lower than previously guided as a consequence of significantly higher returns rates impacting net sales growth and costs, with continued disruption to our international delivery proposition impacting international demand, and significant ongoing pandemic-related cost inflation. For the year ending 28 February 2022, the Group now expects net sales growth to be 12% to 14%, compared to previous guidance of 20% to 25% growth. Adjusted EBITDA margin for the year is expected to be 6% to 7%, compared to previous guidance of 9% to 9.5%.