Boohoo Share Discussion Threads

[bulltradept] 30/9/2021 07:50

Something for everyone in that RNS!

[ukneonboy] 30/9/2021 07:50

THE BOOHOO INTERIM RESULTS ARE OUT & THE HEADLINE 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.

[buy2sell1] 30/9/2021 07:48

Regarding the THREE $100 million US Class Action Lawsuits

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”


If Kamani has nothing to hide why is he delaying and dithering givimg evidence to the Federal Court ???


IT'S A CONTINGENT LIABILITY !!!

[clickbait] 30/9/2021 07:48

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.

[clickbait] 30/9/2021 07:46

buy2sell130 Sep '21 - 07:40 - 57301 of 57302
0 0 0
In which case, SUTTON3, Boohoo PLC is intentionally misleading shareholders because everybody knows that Boohoo and PrettyLittleThing and NastyGal are being sued for $100 Million in California.

That is the very definition of a Contingent Liability

buy2sell1. You need to read this...



Farih Khan v. Boohoo.com USA, Inc. et al
2:20-cv-03332 | California Central District Court
Division Los Angeles (Western Division)
Judge Judge George H. Wu
Filed April 9, 2020
Case Flags ACCO, (JEMx), CONSOL, DISCOVERY, MANADR, and PROTORD

Magistrate Magistrate Judge John E. McDermott
Nature of Suit 370 Fraud
Cause 28:1332 Diversity-(Citizenship)
Demand $5,000,000
The docket is incomplete. Sign up for verified information.

The docket is incomplete. Sign up for verified information.

The docket is incomplete. Sign up for verified information.

The docket is incomplete. Sign up for verified information.

The docket is incomplete. Sign up for verified information.


cdn images

[buy2sell1] 30/9/2021 07:45

Nobody can put a positive spin on falling profits

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

[sutton3] 30/9/2021 07:44

If that's the case buy2sell1.
I doubt that with all the problems they have had IN THE PAST they would risk omitting a potentially seriously damaging court case.

[clickbait] 30/9/2021 07:44

Demand $5,000,000
The docket is incomplete. Sign up for verified information.

[clickbait] 30/9/2021 07:43

buy2sell130 Sep '21 - 07:40 - 57301 of 57302
0 0 0
In which case, SUTTON3, Boohoo PLC is intentionally misleading shareholders because everybody knows that Boohoo and PrettyLittleThing and NastyGal are being sued for $100 Million in California.

That is the very definition of a Contingent Liability

buy2sell1. You need to read this...



Farih Khan v. Boohoo.com USA, Inc. et al
2:20-cv-03332 | California Central District Court
Division Los Angeles (Western Division)
Judge Judge George H. Wu
Filed April 9, 2020
Case Flags ACCO, (JEMx), CONSOL, DISCOVERY, MANADR, and PROTORD

Magistrate Magistrate Judge John E. McDermott
Nature of Suit 370 Fraud
Cause 28:1332 Diversity-(Citizenship)
Demand $5,000,000
The docket is incomplete. Sign up for verified information.

[buy2sell1] 30/9/2021 07:43

Nobody can put a positive spin on falling profits

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

[clickbait] 30/9/2021 07:41

"Leading the fashion eCommerce market"



Record first half sales of £976 million and Investing for the Future

· Doubled market share in the UK and US over the last two years. Total group sales +73% since 1H20

· Significantly enhanced target addressable market, with up to 500 million potential customers in key markets

· Integration and relaunch of four new brands in the first half, including Debenhams marketplace

· Increased warehousing and distribution capacity, capable of supporting over £4 billion of net sales

· £85 million of Adjusted EBITDA, down 5% vs. exceptional levels of profitability last year, and up +40% since 1H20, despite £26 million of freight and logistics cost inflation

· Record capital expenditure of £172 million in H1, putting in place the platform for future growth

· Opening a new distribution centre in North America in 2023, significantly strengthening our proposition

[buy2sell1] 30/9/2021 07:40

In which case, SUTTON3, Boohoo PLC is intentionally misleading shareholders because everybody knows that Boohoo and PrettyLittleThing and NastyGal are being sued for $100 Million in California.

That is the very definition of a Contingent Liability

[sutton3] 30/9/2021 07:35

This is for those posters constantly repeating the court cases due to be heard in USA.
From Boohoo web site today.

18 Contingent liabilities
From time to time, the group can be subject to various legal proceedings and claims that arise in the ordinary
course of business which may include cases relating to the group’s brands and trading names. All such cases
brought against the group are robustly defended and a liability is recorded only when it is probable that the case
will result in a future economic outflow and that the outflow can be reliably measured.
As at 31 August 2021, there are no contingent liabilities, which in the opinion of the directors are expected to have
a material adverse effect on its liquidity or operations.

[clickbait] 30/9/2021 07:34

UKOGBOY. Pulling out profits as a negative 😆

[ukneonboy] 30/9/2021 07:28

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.

[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.