April 21 (Reuters) - British e-commerce group THG reported its strongest first-quarter revenue growth since 2021 on Tuesday, supported by growth in its beauty and nutrition divisions. Shares fo the
UK's THG quarterly sales jump as beauty and nutrition units drive growth; shares surge
THG Reports Strongest First-Quarter Revenue Growth Since 2021
(Corrects typographical error in paragraph 2)
Quarterly Performance Overview
April 21 (Reuters) - British e-commerce group THG reported its strongest first-quarter revenue growth since 2021 on Tuesday, supported by growth in its beauty and nutrition divisions.
Shares of the company were up nearly 10% post-results, making it the top gainer across all London stocks.
Business Segments and Brands
The company, which owns online beauty retailers Lookfantastic and Cult Beauty alongside sports nutrition brand Myprotein, reiterated its full-year cash flow guidance of 25 million pounds ($33.80 million) to 50 million pounds.
Key Financial Highlights
Here are some details:
• Total group revenue rose 7% to 393.1 million pounds in the quarter ended March 31.
• The company said it continues to monitor developments in the Middle East, with affected regions representing less than 1.5% of overall revenue in 2025, weighted towards THG Beauty; revenue hit around 30 bps in Q1.
• CEO Matthew Moulding said the company enters Q2 with confidence.
Additional Information
($1 = 0.7396 pounds)
(Reporting by Nithyashree R B in Bengaluru; Editing by Harikrishnan Nair)
