Thg Share Discussion Threads

[billionarebob] 17/10/2023 08:17

THG backs outlook despite drop in third-quarter revenue




THG pointed to an improving performance each month in the quarter, with the group returning to constant currency growth in September.

Full-year revenue guidance of 0% to negative 5% remains unchanged, with guidance for adjusted EBITDA and cash generation also held.

Matthew Moulding, chief executive, said: “The group is exceptionally well invested with a strong balance sheet, with each division well positioned to grow market share in any market conditions."

THG said each division continues to make progress against its stated strategy to return to sales growth and rebuild margins, while the impact of global de-stocking on its beauty manufacturing business has eased.

[francoismyname] 17/10/2023 08:15

Should easily be a blue day on the back of those numbers.

Surely everyone can see it’s primed or growth

[billionarebob] 17/10/2023 08:12

THG recovery builds after a ‘best ever’ performance by MyProtein



In the three months to September 30, THG reported net sales of £466.5m, a year-on-year change of -4.4%, which the company said was its ”best quarterly revenue performance in the last year”.

[leoneobull] 17/10/2023 07:45

Context. Minus 4% not that bad when other online retailers like boo and asos are reporting Yr on Yr declines of 17%

[john09] 17/10/2023 07:37

Kinda not built in FLC because last time they updated us was after a shaky july and august . September returned to growth

[flc] 17/10/2023 07:36

Full year rev and EBITDA guidance unchanged so already built in to the share price Red or blue today so will be interesting to see which way it goes

[john09] 17/10/2023 07:30

So this fell by 22% when news of july and august trading was released

Its just told us that September recovered

So .. let’s see! Im not worried about short term trading regardless

[billionarebob] 17/10/2023 07:09

Matthew Moulding, CEO of THG commented:"Q3 has been another strong quarter of progress across the Group, with each division delivering improved performances. The pivots made within each division to ensure they thrive in a high inflation global environment are bearing fruit."The momentum with which we exited Q3 was especially pleasing, with the Group returning to positive constant currency revenue growth of +3.2% in September, driven by a strong performance across our Beauty division."We remain focussed on restoring margins to pre-inflation levels while continuing to focus on cash generation. This is reflected in a best ever Q3 profit performance from our Nutrition division. Our cash discipline has been excellent, reflected in delivering positive free cash flow of £5m, despite making c.£140m of capex investments, over the last twelve-month period. The steps we have taken will further underpin the future cash generation of the Group."Both our operations and inventory are well positioned ahead of peak trading, with the benefits of our investment in UK and US automated fulfilment centres enhancing the customer proposition through accelerated delivery times, positively influencing customer contact rates and overall satisfaction."The Group is exceptionally well invested with a strong balance sheet, with each division well positioned to grow market share in any market conditions." Analyst and investor conference callTHG will today host a conference call for analysts and institutional investors at 8:30am (UK time) via the following link: https://stream.brrmedia.co.uk/broadcast/650d93e739ad9f961be9df8

[francoismyname] 17/10/2023 07:09

Great numbers

[john09] 17/10/2023 07:06

I mean

What’s not to like in that trading statement 👍 hold for 200p + in 12 months

[hades1] 16/10/2023 21:32

I obviously trust your instincts given they were absolutely correct last night!
LOLs

[billionarebob] 16/10/2023 20:02

Franny, that would explain all the kerfuffle today our resident trolls were running around like headless chickens.

Obviously, the Q3 update getting brought forward caught them off guard

Poor Sheila goes short when she should have stayed long, cant believe she did it AGAIN. Poor sod NEVER gets a break.

I don't think they give her the right info, bit of an outcast that one.

Sheila what av I told ya about foraging for pennies you always get burnt.

Best wear this tomorrow - sleep well :)

[one_frankel] 16/10/2023 19:49

By the way the consumer dicretionary sector in the US is having a mini revival today, could the tripes management have timed their update to perfection for a change but it won't last for very long, I can assure you of that!

...And once again, we saw very little volume so the omens don't look good for the update and its very interesting why the update was only disclosed late today but could it be that management are just playing with market momentum because unfortunately nothing else seems to ever help the tripe!

[francoismyname] 16/10/2023 19:49

3rd quarter results tomorrow for anyone who is interested. Put up on the website today.

Much earlier than usual.

Much much less notice than usual.

Maybe the Myprotein article from the telegraph has forced their hand a little.

Something decent please Matt-we are long overdue mate.

[kemche] 16/10/2023 19:46

But demise fateful!

[one_frankel] 16/10/2023 19:41

Thats not my point Paddy, THGs financials are clearly dependent on the price of Whey except its predominantly used within dicretionary food products not in cosmetics!

...But do you see where I'm going with this or do you also need to be spoon-fed like our resident Northern Dullard before it becomes all too clear!

[havinthelasttoast] 16/10/2023 19:38

They are all repeat products.

Now back to radio silence. I’m not arguing with brokies and nuts. Believe what you want :)

[one_frankel] 16/10/2023 19:34

What is Whey protein mainly used in cosmetics or 'Discretionary' food type items PaddyWhack!

[f56] 16/10/2023 19:32

Lol. Toansy. Going Woke = Going Broke.