Personal Goods
By Iain Gilbert
Date: Tuesday 17 Oct 2023
LONDON (ShareCast) - (Sharecast News) - Online retailer The Hut Group said on Tuesday that revenues had fallen in the third quarter but that it had returned to constant currency revenue growth in September.
For the three months ended 30 September, revenues dropped 4.4% to £466.5m, with beauty revenues also down 4.4%, nutrition revenues slipping 2.3%, ingenuity revenue falling 8.4% and inter-group elimination revenues contracting 3.9%.
However, the Hut Group said third-quarter revenues were still the best seen since the previous trading year, with its performance improving each month and leading it to constant currency revenue growth in September.
THG also reiterated its full-year revenue guidance of 0% to -5.0%.
Chief executive Matthew Moulding said: "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."
As of 1030 BST, THG shares were up 7.81% at 72.04p.
Reporting by Iain Gilbert at Sharecast.com
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 63.25p |
Change Today | 0.90p |
% Change | 1.44 % |
52 Week High | 107.10 |
52 Week Low | 56.58 |
Volume | 2,376,486 |
Shares Issued | 1,330.49m |
Market Cap | £841.53m |
RiskGrade | 166 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
No dividends found |
Time | Volume / Share Price |
17:07 | 9,500 @ 63.25p |
16:35 | 402,508 @ 63.25p |
16:35 | 668 @ 63.25p |
16:35 | 61 @ 63.25p |
16:35 | 5,675 @ 63.25p |
CEO | Matthew Moulding |
CFO | Damian Sanders |
Chair | Charles Allen |
You are here: research