Britain business Coronavirus Britain

Boohoo earnings up 37% as pandemic drives business online

Reading now: 766
www.rte.ie

British online fashion retailer Boohoo has today reported a 37% jump in full-year core earnings, benefiting from the rise in digital shopping during the Covid-19 pandemic.

The group sells clothing, shoes, accessories and beauty products targeted at 16 to 40-year-olds. It said it made adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of £173.6m in the year to February 28.

That was ahead of analysts' average forecast of £171.3m and more than the £126.6m made in 2019-2020 financial year. Unlike rivals that rely on stores which had to shutter for several months during coronavirus lockdowns, Boohoo was able to trade throughout.

Read more on rte.ie
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA