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BHOOY / Boohoo revenues drop as inflation takes toll

Boohoo Group PLC (AIM:BOO) said revenue dropped 8% in the three months to the end of May as inflation impacted costs in "its supply chain and international competitive proposition." Nevertheless, the online retailer stuck to its outlook for the year ending 28 February 2023 and said revenue growth for FY23 is expected be low-single digits, with a return to growth in Q2 and growth rates improving in the second half. Read More

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Posted: Jun 16 2022, 04:07

Author Name: Proactive Investors

BHOOY News

By Proactive Investors
October 25, 2023

Mike Ashley's Frasers continues charge for Boohoo shares

Mike Ashley's Frasers Group PLC (LSE:FRAS) has once again upped its holdings in online fashion retailer Boohoo Group PLC (AIM:BOO). Boosting its stake

By Proactive Investors
October 16, 2023

Mike Ashley's Frasers ups stake again in online retailer Boohoo

Mike Ashley's Frasers Group PLC (LSE:FRAS) have made another swoop for shares in boohoo Group PLC. The retailer, which owns Sports Direct and House of

By Proactive Investors
October 6, 2023

Boohoo rises as Mike Ashley's Frasers snaps up more shares

Boohoo Group PLC (AIM:BOO) shares rose news after Mike Ashley's Frasers Group PLC (LSE:FRAS) has increased its stake in the online fashion retailer ag

By Proactive Investors
October 4, 2023

Boohoo cannot control the "uncontrollable", analysts warn

Deutsche Bank AG (NYSE:DB) analysts have slashed their price target, the price at which they would recommend trading shares, for Boohoo Group PL

By Proactive Investors
October 3, 2023

Boohoo swings into the red at half-way as sales slide

Boohoo Group PLC (AIM:BOO) swung into the red in the first half as revenue fell sharply, and warned of further falls in sales ahead. The online retail

By Proactive Investors
September 29, 2023

Boohoo results not expected to impress as Mike Ashley looms

Boohoo Group PLC (AIM:BOO) has already set out fairly clear guidance that first-half sales will be down 10-15% on a year ago, with investors and anal

By Proactive Investors
September 1, 2023

Boohoo rises as Frasers lifts stake again, now over 10%

Boohoo Group PLC (AIM:BOO) have risen a further 7.1%, following gains on Thursday, after Frasers Group PLC, the Mike Ashley-controlled owner of Sport

By Proactive Investors
August 31, 2023

Mike Ashley's Frasers ups stake in online retailer Boohoo

Frasers Group PLC (LSE:FRAS), the retailer controlled by Mike Ashley which owns Sports Direct, has raised its stake in online fast-fashion firm Booho

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