RE: Over the weekend29 Jun 2025 16:34
Yes I agree 1 Pencils post is very good, just a copy of what I wrote 5 days ago...and it'll be more than 40,000 outlets by end of this year.....
(.....Earlier post)......My Protein Branded items now going to be available in 40,000 outlets in 2025/26 not including THG's own Online offering..the Nutrition Division currently valued at just £120 million, its ridiculous on any normal value method it seems..even Selkirks imaginary bid for My Protein was in the region of £600 million 😳 JAO Adyor!
From AGM trading update........THG Nutrition Positive momentum within Nutrition continues to build, with new customer growth supporting a solid online performance. Q2 2025 revenue growth is expected to be between +5.0% and +7.0% (Q1 2025: +0.1%), with the business growing at its fastest rate since Q1 2022.
From a largely standing start 3 years ago, Nutrition's offline strategy is gaining significant traction. Myprotein products are now available in over 34,000 doors, principally within the UK, US and Japan. New retail listings secured in Europe in H1 2025 include 900 stores for the Dutch health and wellness specialist Kruidvat. Asia momentum continues to build with listings in 7-Eleven (>3,000 stores in Taiwan and Singapore), Costco (Taiwan) and Decathlon (Vietnam market entry through store-in-store model).
Offline expansion across the US has been particularly pleasing with an almost 5-fold increase in doors expected during the year to c.8,400 (2024: 1,500). Notable US wins include listings in Walmart, CVS and expansion into additional GNC stores.
Myprotein's move into both the offline and licensing space will see c.45 million units sold via these channels during 2025 through >40,000 global doors by the end of the year, enabling Myprotein to reach millions of new customers and further amplify brand awareness. The retail sales value of offline and licensed products is expected to be around £170m for FY 2025.
While both milk and whey prices continue to be elevated, there are some recent signs of softening, especially across the highest concentrations of protein... ...
Sign In
Follow the stocks
