Trading update OR will BOO make us wait for Jan earnings report?17 Dec 2020 15:39
Boohoo normally post a trading update in the first couple of weeks of December informing the market of great Black Friday sales success, check 2018 and 2019 for evidence, which they then follow up with their official earnings report in January.
This year BOO are making us wait, but tomorrow is the last day of the week, will BOO give us a Friday trading update, or will they wait until Monday or are they simply skipping it this year as they don't want the press twisting their great success.
We know from twitter post by CEO that they have had a record breaking Black Friday, better than any year previously, we also know from the parliament interview their 6p loss leader was a huge success as it resulted in more sales are expensive clothes with strong profits.
So unofficially we know they have broken all their records, we also know the UAE business is up and running and rumoured to be doing extremely well, we also know sales US side are incredible and that nothing seems to be coming from the US lawsuit.
As such are BOO going to confirm are suspicions of record sales or will they really make us hold out and wait for the January report?
Either way not long now for either, lets all hold and enjoy 400p plus soon!