Boohoo Share Discussion Threads

[therichardwomack] 08/5/2024 07:50

Mahmud you tell everybody that you know how to sell,
shame you don't know how to sell and make a profit at the same time.



Richard

[terminator101] 08/5/2024 07:47

£31m loss in this pile of lifestyle poo huh. Timber.

[kirk 6] 08/5/2024 07:44

This will be down very hard today

[nobbyknome1] 08/5/2024 07:43

One last punch in the face for boohoo, let's hope it goes into the 20ps as I want back in. Although expected, they are shockingly bad. The thing is I can see they may just rise from the ashes one day or one way or another. Anyway, minimum double bottom 29p then watch ?

[american idiot] 08/5/2024 07:42

Boohoo Remains on Tract to Deliver Annualised Cost Savings of £125m in FY25

FINAL RESULTS FOR THE YEAR ENDED 29 FEBRUARY 2024

*FY24 RESULTS IN LINE WITH MARKET EXPECTATIONS, AGAINST CHALLENGING MARKET BACKDROP
* REMAIN CONFIDENT IN 6-8% MEDIUM TERM EBITDA MARGIN TARGET
*SIGNIFICANT CAPITAL EXPENDITURE REDUCTION EXPECTED IN FY25 WITH INVESTMENT CYCLE NOW COMPLETE

*EXPECTS TO GENERATE POSITIVE FREE CASH FLOW IN FY25

[shadowfall] 08/5/2024 07:39

Boohoo's latest results are dreadful but its biggest problem lies in the intensifying competition it now faces.

Post lockdown, the rising popularity of fashion retailers SHEIN and TEMU, means BOOHOO simply cannot compete on price.

It is also becoming increasingly clear that consumers are favouring hybrid companies such as H&M and ZARA over online only retailers like BOOHOO on account of their physical presence.

Intriguingly, changes in consumer values are also affecting BOOHOO and the rise of second-hand and pre-loved clothing retailers such as VINTED is gaining momentum and thus poses another massive challenge.

And of course, we cannot ignore the huge elephant in the room – the rising cost of living.

For most younger people, and particularly the targeted "20-somethings" demographic of BOOHOO PLC, funds are dwindling. Financial strain means it is increasingly difficult to splash the cash on new casual wear whilst struggling to afford the basics of housing, food and energy costs.

Ultimately, the survival of BOOHOO PLC hangs in the balance and despite the misplaced optimism of BOOHOO Chief Executive, John Lyttle, there are multiple hurdles that BOOHOO must first conquer in order to survive.

[seedoftongo] 08/5/2024 07:35

Christh be spinning ever so fast in his grave

[sellhighandbuylow] 08/5/2024 07:34

Shame that "Buy" recommendation from Jefferies was actually dated 17th May 2023 (one year ago)
and they still got it badly WRONG !!!

[1ultimate] 08/5/2024 07:31

Jefferies CUTS Boohoo price Target 70 (75) - ‘BUY’

[sellhighandbuylow] 08/5/2024 07:28

It's gonna be another game of fastest finger first when trading resumes at 08.00am today, that is for sure.

[millennialinvestor] 08/5/2024 07:27

Results better than asos so boo days from me get ready for the spike up to 50p. All figures within guidance whoppieeee

[factsandfigures] 08/5/2024 07:25

Just wait for the analysts DOWNGRADES to start rolling in now, it won't be pretty

[ajseabright] 08/5/2024 07:23

Good morning.Please highlight anything we didn't expect

[factsandfigures] 08/5/2024 07:18

These figures are absolutely dire, and the expectations for the FY 2024/25 are nothing more than pie in the sky guesswork.

Kamani and Lyttle should have come clean and should have warned the City about the huge deterioration in sales back in January instead of stringing this out.

Nobody within Boohoo should be receiving any Bonuses, Share Options or other financial incentives based on losses of £159.9 Million

[throgmortonstreet] 08/5/2024 07:13

Much maligned Chief Executive John Lyttle is spouting the usual "things will get better next year" nonsense.

He's been saying the same thing for the last 3 years and has been proved wrong yet again.

The Agenda for Change project, and the Return to Growth project are great slogans but have made zero difference

[wolfofhounslow] 08/5/2024 07:07

What about outlook ?

[factsandfigures] 08/5/2024 07:06

Boohoo's Global Turnover DOWN 17%

Statutory Loss Before Tax £159.9 Million

Loss Per Share 11.48p

[ukneonboy] 08/5/2024 07:02

Now we know why former Chief Financial Officer, Sean McCabe quit so abruptly.

[throgmortonstreet] 08/5/2024 05:44

Boohoo PLC is expected to release its Full Year trading statement at 07.00am today.

These results are important because Boohoo PLC has seen both global sales and its profitability collapse.

In 2023, Boohoo’s revenue fell by 11% to £1.76 billion while its losses rose to £90.7 million. More worryingly its active global customer numbers fell by 10% to 18 million.

No doubt, when the 2023/24 FY results are released, Boohoo's management will be quick to blame the falling sales and the financial losses on higher freight fees, higher energy costs, higher labour costs, and higher logistics costs, but that is only a small part of Boohoo's problems.

The massive challenge for Boohoo PLC and for other UK clothing retailers comes from SHEIN and from TEMU which both have low-cost supply chains and stronger balance sheets than Boohoo PLC and ASOS PLC.

It is also worth remembering that one of Boohoo's major rivals, ASOS recently reported its own poor financial results, which saw its revenue drop by 18% to £1.49 Billion and its losses increase £270 million, as shoppers cut back their spending on fast fashion.

[ajseabright] 07/5/2024 21:40

Thanks Seed.Yeah just plod pal.Good luck tomorrow.Someone will be right

[sellhighandbuylow] 07/5/2024 20:00

I'll make a bold prediction ...................

No matter how BAD Boohoo's Full Year results are, all the BOOHOO LOSERS and all the FAILED BOOHOO SHARE RAMPERS will be posting stuff like:-

"how good they think Boohoo's results are" and "how they think things could be so much worse"

[robertbarns1] 07/5/2024 18:38

millenialinvestor will be filling his pants soon lol

[robertbarns1] 07/5/2024 18:36

wear red pants for the news on Wednesday


i sold out took profits and went shorting today



good luck to millenial who loves it