THG (THG)

Sector:

Personal Goods

64.70p
   
  • Change Today:
      0.30p
  • 52 Week High: 107.10
  • 52 Week Low: 57.38
  • Currency: UK Pounds
  • Shares Issued: 1,330.63m
  • Volume: 2,167,926
  • Market Cap: £860.92m
  • RiskGrade: 166

THG shares tank on weaker revenue, wider losses

By Frank Prenesti

Date: Thursday 14 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Shares in UK online retail platform THG tanked on Thursday as the company's first half pre-tax losses widened and revenues slipped.


However, THG maintained annual guidance as it reported a rise in adjusted core earnings and said sales trends were "gradually improving" into its second half.

Pre-tax losses widened to £108m to £133m in the six months to June 30. Adjusted core earnings of rose 45% to £47.1m, in line with forecasts. Revenue fell 9.3% to £969.3m.

"Inflationary pressures provided significant challenges to consumers and businesses alike over the past 18 months. Our strategy of supporting our consumers through 2022, sacrificing margins in the short-term, is bearing fruit," said chief executive Matthew Moulding.

THG expects its annual revenue from continuing operations to be flat or fall up to 5%. Third-quarter continuing revenue was anticipated to be marginally ahead of Q2, with a notable step-on in THG Beauty and THG Ingenuity.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

THG Market Data

Currency UK Pounds
Share Price 64.70p
Change Today 0.30p
% Change 0.47 %
52 Week High 107.10
52 Week Low 57.38
Volume 2,167,926
Shares Issued 1,330.63m
Market Cap £860.92m
RiskGrade 166

THG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.01% below the market average11.01% below the market average11.01% below the market average11.01% below the market average11.01% below the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Price Trend
47.27% below the market average47.27% below the market average47.27% below the market average47.27% below the market average47.27% below the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income Not Available
Growth
38.8% below the market average38.8% below the market average38.8% below the market average38.8% below the market average38.8% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

THG Dividends

No dividends found

Trades for 17-Jun-2024

Time Volume / Share Price
16:35 500 @ 64.70p
16:35 500 @ 64.70p
16:35 284,265 @ 64.70p
16:35 158 @ 64.70p
16:35 11,615 @ 64.70p

THG Key Personnel

CEO Matthew Moulding
CFO Damian Sanders
Chair Charles Allen

Top of Page