Boohoo Share Discussion Threads

[clickbait] 30/9/2021 07:26

Wow. Fantastic RNS. Let's see how the market reacts.

[factsandfigures] 30/9/2021 07:24

Boohoo's Forward Looking statements are purely guesses and can NOT be relied upon.

Furlough, the Government's Job Retention scheme ends today with a big increase in UK unemployment expected amongst the under 30's (which is Boohoo's core customer base)

[farrugia] 30/9/2021 07:22

UK

The group's largest market continues to be the UK, accounting for 58% of group revenues (2020: 53%). Growth was 32% on last year and 81% on two years ago. The six brands acquired since June 2020 contributed 20 percentage points to the growth on the prior year and 28 percentage points on two years ago. This highlights the resilient performance in our more established brands and the opportunity to underpin future market share gains as we invest in and scale the more recently acquired brands. Return rates have increased this year to pre-pandemic levels as consumer behaviour normalises. Our multi-brand strategy continues to enable us to gain market share in the UK through our compelling proposition and the future UK opportunity remains significant, with the group having significantly increased its target addressable market over the course of the past two years.

[farrugia] 30/9/2021 07:19

Debenhams

Our acquisition of the Debenhams brand out of administration provides us with an exceptional opportunity to develop a digital department store with a wide range of products across fashion, beauty and home, extending the group's target addressable market. We are going to accomplish this through a capital light business model, using a combination of owned inventory and the marketplace solution, where selected third parties provide the product and fulfilment services in return for a commission for selling their products on the Debenhams platform. This offering, we believe, will give customers unparalleled choice and gives the brands increased visibility over their inventory and channels to market.

Through the first half of the year, we have consistently added to the Debenhams platform, starting with a small clothing offering on launch in April and have gradually built shortly thereafter with the addition of home and beauty ranges. In June we launched our marketplace and have recently added a growing number of partner brands onto the Debenhams website. All of this, as well as a programme of continuous improvement in the site and user experience, has driven strong month-on-month improvements in conversion and General Merchandise Value.

In July, Debenhams announced a strategic partnership with Alshaya Group, that will leverage the existing Debenhams presence and brand awareness in the Middle East. In addition, this will provide other brands within the group the opportunity to build brand awareness in the region through a wholesale approach.

By August of this year, we had agreements in place for our marketplace offering in excess of 50 brands, offering a diverse range of products from lingerie to homeware and electrical goods, in addition to our own large beauty store, and anticipate a doubling of marketplace partners in the next 12 months.

In the second half of this year, we will continue to upgrade site functionality, user experience and offering, all of which are aimed at driving conversion, order frequency and share of wallet.

[ukneonboy] 30/9/2021 07:19

The Boohoo Interim Results are out and the numbers dont look good !!!

Boohoo's Adjusted profits before tax - down 20% from £79.4 million to £63.8 million

Boohoo's Adjusted diluted earnings - down 15% from 4.53p per share to 3.84p share


Boohoo admitted its performance in the second quarter of 2021 was impacted by higher levels of goods being returned, High Street stores reopening, consumer reluctance to spend, and the loss of key events including Summer holidays.

[farrugia] 30/9/2021 07:16

Group revenue for the half-year increased by 20% (20% CER) on the first half of the previous year to £975.9 million (2020: £816.5 million, 2019: £564.9 million) and by 73% on the first half of two years ago. Revenue growth in the prior year was exceptional due to the onset of the pandemic, when the high street was closed and consumers were drawn to online retail in large numbers. Looking at the growth rate over two years removes the comparative effect of an extraordinary prior year and highlights the progress the group has made as it continues its strong growth trajectory of recent years.

[farrugia] 30/9/2021 07:15

Longer-term competitive positioning and opportunity to take market share unchanged

The Group expects to emerge from the pandemic in a far stronger position compared to two years ago. Reflecting significant investments in its platform, brands and people, the Group has:

· A broader portfolio of brands and a significantly larger target addressable market with 500 million potential customers in key markets

· Greater infrastructure capacity capable of supporting in excess of £4 billion of net sales, with automation investments driving future efficiencies

· Committed to opening a new distribution centre in North America, significantly strengthening our customer proposition

· Significantly improved supply chain visibility

· 19 million customers globally

· Numerous growth opportunities through our direct to consumer offer and strategic partnerships.

We remain extremely confident in the Group's future growth prospects, and as short-term demand uncertainty and material cost headwinds as a result of the pandemic unwind, we believe that the Group continues to be capable of executing its strategy aimed at leading the fashion ecommerce market with medium term guidance of sales growth of 25% per annum and adjusted EBITDA margin of 10% remaining unchanged.

[farrugia] 30/9/2021 07:14

Demand accelerating in September

Consumer demand has been improving through August, principally in the UK but also in key overseas markets such as Ireland and France, where there has been a re-acceleration in the rate of growth. This has again improved in September, where the rate of gross sales growth has increased compared to that achieved in the second quarter of the financial year.

Full year outlook

Our expectation is for full year sales growth of 20% to 25%, implying sales growth of 20% to 30% in the second half of the financial year. As we have indicated above, we have seen a re-acceleration in the rate of growth compared to that achieved in the second quarter. Adjusted EBITDA margins are expected to remain robust, and the Group will continue to invest in its existing and new brands in order to facilitate the long-term growth opportunity. Elevated short-term cost headwinds experienced in the first half are expected to continue in H2 alongside recent freight inflation in our supply chain and wage inflation within our distribution centres. Consequently, adjusted EBITDA margins are now expected to be 9% to 9.5%, compared to 9.5% to 10% as previously guided. Reflecting ongoing investments across our technology, offices and infrastructure (including the initial phase of the international distribution centre), capex is now expected to be around £275million for the year, slightly above the top end of previous guidance of approximately £250 million.

[ukneonboy] 30/9/2021 07:05

The Boohoo Interim Results are out and the numbers dont look good !!!

Boohoo's Adjusted profits before tax - down 20% from £79.4 million to £63.8 million

Boohoo's Adjusted diluted earnings - down 15% from 4.53p per share to 3.84p share


Boohoo admitted its performance in the second quarter of 2021 was impacted by higher levels of goods being returned, High Street stores reopening, consumer reluctance to spend, and the loss of key events including Summer holidays.

[factsandfigures] 30/9/2021 06:34

Shortly after that interview with the Financial Times, Boohoo Chief Executive, John Lyttle then sold 169,274 Boohoo PLC Ordinary Shares at 321.60 pence each.

[factsandfigures] 30/9/2021 06:29

BOOHOO WARNED EVERYBODY IN ADVANCE, ABOUT A SLOWDOWN IN REVENUE GROWTH.
------------------------------------------------------------------------------------------

Boohoo Finance Director Neil Catto
interviewed by the Financial Times
5th May 2021


Back in May, Boohoo warned of a slowdown in revenue growth this year.

Finance director Neil Catto said that he hoped growth would be biased towards the second half of the year, as daily life in many countries reverted to something more like normality.

Foreign holidays and indoor hospitality — key drivers of purchases among Boohoo’s younger customer base — hinging on travel restrictions ending in June.

But store-based High Street rivals including Primark, Next, TK Maxx, Matalan and New Look all re-opened in April and have remained open since.

[farrugia] 29/9/2021 20:54

hehe my usa super-hyped short plays printing money over the last couple of days... believe it or not that netted me 8k today and 14k yesterday.

And great news from Playtech with the sale - I'm in big there!

Shorters in here need to shift their attention on bloated USA companies and China ADR fraud stocks - there are many - at least hundreds. Boohoo on the other hand is a growing business.

[transhoneyqueens] 29/9/2021 20:43

wait for the wheels to come off this share price.

[farrugia] 29/9/2021 20:08

Exclusive: ASOS and Boohoo lead the pack as online-only retail sales hit record £16bn



Sales at the UK’s 20 biggest online-only retailers have reached a record £16.4bn in the last year, rising 22 per cent from £13.2bn the previous year, according to calculations based on Companies House data.

This growth continues to be driven by the success of fashion retailers, which increased their revenues by 14.2 per cent to £6.9bn in the past year, City law firm RPC found, sharing its findings exclusively with City A.M. this morning.

Boohoo reported sales of £1.7bn in the year to 28 February 2021, up 41 per cent on the previous year, while sales at ASOS grew 19 per cent to £3.2bn.

The growth is driven by strong demand for products such as casualwear and athleisure during the early stages of lockdown, and “occasion” wear when restrictions started to ease last summer.

Other high-performing online retailers include electrical goods retailer AO.com, which saw the biggest growth with a 62 per cent jump in sales to £1.6bn. The Hut Group, which owns brands including Myprotein and Lookfantastic, saw a 41.5 per cent rise in turnover to close to £1.6bn.

[melegramforttongo] 29/9/2021 20:07

🪰 💩 🪰🪰🪰🪰8169;💩ԁ69;💩

[hotaimstocks] 29/9/2021 19:56

ARE WE IN FOR A SHOCK tomorrow ????? we will find out at 7am

[hotaimstocks] 29/9/2021 19:35

UKNEONBOY UKNEON BOY .. boy neon uk and KING UKNEONBOY

[jackson83] 29/9/2021 18:30

cheers UKNEONBOY ... did they also deceive the UK consumers with fake sales and false pricing deviouas schemes I wonder ... his gates are still up at his house lol.. any fines say the 100m loss will not be paid out by Kamini as its shareholders will foot the bill ... hmmmm RED FLAG

[ukneonboy] 29/9/2021 18:15

Lawyer, Ahmed Ibrahim, and co-lead counsel for the Complainant Plaintiffs recently told the California media:

“Mr. Kamani’s attempt to evade questioning of his own conduct, by hiding behind his lawyers and his employees was rejected. The Court recognized that it was Mr. Kamani who personally came up with the deceptive advertising and pricing practices at issue in these cases. We will conduct a thorough cross-examination and ultimately hold Mr. Kamani and his companies accountable for deceiving U.S. consumers with fake sales and false pricing schemes”

[melegramforttongo] 29/9/2021 17:42

Is guru feeling left out 😂😂😂😂
Lol he is just spinning 😵‍8171; around aimlessly trying to get attention .. but no one takes any notice of anything he says .

😵‍8171;😵‍;💫😵‍💫€565;‍💫😵‍8171;😵‍;💫😵‍💫€565;‍💫😵‍8171;😵‍;💫

[melegramforttongo] 29/9/2021 17:40

Farrugia29 Sep '21 - 16:43 - 57282 of 57282
0 0 0
IT IS USELESS TO POST NOW - ANYTHING I POST HAS NO EFFECT TBH - WE WILL SEE TOMORROW. I'M RISKING ALL I HAVE LEFT GBP2104 ON THIS SO IF DOWN THIS WILL BREAK ME.

HAPPY TO SEE SOME OF THE OTHER LOSERS ALSO AT THE ROULETTE WHEEL ON BOOHOO ADVFN STARTING TO LOSE IT AND EMIT SOME STEAM

[farrugia] 29/9/2021 16:43

IT IS USELESS TO POST NOW - WE WILL SEE TOMORROW. I'M RISKING A MODEST GBP21,040 ON THIS SO WHICHEVER THIS WILL GO WILL NOT BREAK ME.

HAPPY TO SEE SOME OF THE BLOATED PIGS IN THE USA STARTING TO LET OFF SOME STEAM.

[clickbait] 29/9/2021 16:41

When will Boohoo release H1 results?
Boohoo will release interim results on the morning of Thursday September 30.

Boohoo H1 earnings preview: what to expect from the results
Boohoo has capitalised using its strong online offering since the pandemic erupted 18 months ago. Not only was it able to attract more customers looking to shop while physical clothing stores were shut during lockdown, but it has also managed to save a number of big names from collapse by purchasing the likes of Debenhams and a string of brands from Arcadia Group after they hit financial trouble.

Analysts are expecting Boohoo’s revenue to rise 28% to £1.05 billion in the first half from £816.5 million the year before, pacing ahead of its ambition to grow annual sales by 25% this year. We already know that revenue grew 32% in the first quarter (and was some 91% above pre-pandemic levels)

[hotaimstocks] 29/9/2021 16:41

share price surprised me as it held up well today ... was expecting 250p or lower ... tomorrow will be get your pants wet day

[buy2sell1] 29/9/2021 16:40

Boohoo Group Plc (BOO) hit a downwards weekly price breakout.

29 minutes ago

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