Boohoo Is Expected To Raise Annual Expectations In Two Months.

Britain

Boohoo.comPLC (BOO.L) disclosed today that the first half of the first five months of the year and the start of sales in August continued to be strong, and on the basis of the trend, it raised the current sales forecast for the current 2017 fiscal year second times in second months.

Boohoo.comPLC (BOO.L) is headquartered in Manchester, with 16-24 year old young people as the main customers. All the products sold are owned by themselves.

The average selling price is no more than 17 pounds, and has a high reputation in Britain, Ireland and Australia.

Boohoo.com expects sales growth in February 2017 to be 28% to 33% in February 2017, while the expected increase in the first quarter of June 8th is 25%-30%.

The company also expects to increase profits before tax depreciation and amortization (EBITDA), which was expected to maintain the level of the previous year.

Analyst Liberum raised Boohoo.com's target stock price from 80 pence per share to 90 pence and maintained a buying rating.

At the same time, it raised the pre tax profit expectation of Boohoo.comPLC in the next three years, and pointed out that the electricity supplier is still in the early stage of growth. It is expected that its sales will rise rapidly relative to the peers and the clothing retailing industry, and the sales in three years will grow by 96%.

It is reported that in the first quarter of May 31st, Boohoo.comPLC's revenue grew by 40.9% in the first quarter, both in Britain, Europe and the rest of the world, with a growth rate exceeding 40%.

In addition, most physical retailers have indicated that the result of the referendum in Britain has little effect on consumer behavior.

According to the data released by the British Retail Association today, retail sales in the UK increased by 1.1% on a comparable basis in July, after a referendum, compared with a 0.5% decline in June.

The group will release interim results in September 27th.

It is reported that as early as April this year, the data released by Boohoo.comPLC indicated that in the 2016 fiscal year ended February 29th, Boohoo.comPLC revenue was promoted by the newly launched underwear series and the best-selling categories such as the size code and trumpet clothing series, denim products and swimwear. The revenue increased from 139 million 900 thousand pounds in fiscal year 2015 to 195 million 400 thousand pounds, and the fixed exchange rate increased by 42%.

The domestic market, which accounts for 67% of revenue, recorded an increase of 38%, a fixed exchange rate of 35% in other European markets, and a 63% increase in the rest of the world.

Boohoo.com mobile shopping applications in the United States and Australia have promoted international business.

Boohoo.comPLC has hired the first international business director this year, which means the group's determination to continue expanding its international market. In the future, the group will focus on greater progress in Ireland, France, the United States and Australia.

The market expects Boohoo.comPLC to achieve 29% and 21% profit growth in fiscal 2017 and fiscal 2018 respectively, which means that the P / E ratio is 33.9 times and 27.9 times in the next two years.