THG (THG)

Sector:

Personal Goods

64.40p
   
  • Change Today:
    -2.80p
  • 52 Week High: 107.10
  • 52 Week Low: 57.38
  • Currency: UK Pounds
  • Shares Issued: 1,330.63m
  • Volume: 4,643,034
  • Market Cap: £856.92m
  • RiskGrade: 166

THG hails 'standout' Beauty performance as Q1 revenues rise

By Michele Maatouk

Date: Tuesday 23 Apr 2024

LONDON (ShareCast) - (Sharecast News) - THG posted a jump in first-quarter revenue on Tuesday as it hailed a "standout" performance in the beauty business.
Group revenue rose 4.5% to £455.4m, with revenue from THG Beauty up 11.1% at £267.6m. This followed targeted changes to geographic strategy through the year, as the company focused on more profitable customers and territories closest to its global distribution hubs.

Revenue from THG Ingenuity was up 5.9% at £37m, but revenue from the nutrition segment fell 5.8% to £150.8m.

THG said "notable strong momentum" in the beauty arm offset continuing currency headwinds and previously announced rebrand transition in the nutrition business.

Chief executive Matthew Moulding said: "Following the group's return to revenue growth in Q4 2023, it's pleasing to report an acceleration in Q1, which is testament to the hard work and dedication of our people, who've remained focused on the task in hand despite the tough macro-economic backdrop.

"The Q1 performance of our largest business THG Beauty, is especially encouraging. The operating model changes made throughout 2023, including focusing on more profitable territories and customers, temporarily impacted growth for much of last year, however, since Q4, we are seeing tangible benefits from these actions. This is reflected in THG Beauty's loyalty membership reaching 2.3m people at the end of Q1, less than two years after launch."



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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 64.40p
Change Today -2.80p
% Change -4.17 %
52 Week High 107.10
52 Week Low 57.38
Volume 4,643,034
Shares Issued 1,330.63m
Market Cap £856.92m
RiskGrade 166

THG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.13% below the market average10.13% below the market average10.13% below the market average10.13% below the market average10.13% 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
51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average51.68% 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
38.71% below the market average38.71% below the market average38.71% below the market average38.71% below the market average38.71% 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 14-Jun-2024

Time Volume / Share Price
16:35 407,224 @ 64.40p
16:35 1,114 @ 64.40p
16:35 434 @ 64.40p
16:35 6,829 @ 64.40p
16:35 1,170 @ 64.40p

THG Key Personnel

CEO Matthew Moulding
CFO Damian Sanders
Chair Charles Allen

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