boohoo guidance shift pulls in investors

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boohoo guidance shift pulls in investors
Master Investor Magazine

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AIM-listed online fashion firm boohoo (LON:BOO) saw its share price climb by 13.77% to 276.80p (as of 14:30 BST) after it upped its full-year sales growth guidance. Management said that trading during the first half of the year had been better than forecast with strong revenue growth across its key brands.

EBITDA margins will likely be flat due to a number of strategic investments in the three acquisitions completed during recent months. Full results for the first half will be published later this month.

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