boohoo group plc Stock (BOO) - Quote London S.E.- MarketScreener (2024)

FAQs

What is the forecast for Boohoo shares? ›

BOO Stock 12 Month Forecast

Based on 4 Wall Street analysts offering 12 month price targets for boohoo group Plc in the last 3 months. The average price target is 40.33p with a high forecast of 70.00p and a low forecast of 24.00p. The average price target represents a 36.25% change from the last price of 29.60p.

Boohoo has been piling sales less high than before, meaning its fixed costs are spread less thinly. That partly explains declining profitability. In 2021, basic earnings per share were around a fifth of today's share price. Fast forward to last year, though, and the picture was far worse.

OUR BUSINESS

Founded in the heart of Manchester's historic textile district in 2006 by Mahmud Kamani and Carol Kane as boohoo, the group today is home to a portfolio of innovative fashion brands targeting style and quality conscious consumers with up-to-date and inspirational fashion.

In the full year to February 29, 2024, Boohoo saw revenue fall 17% year on year to £1.4bn, which it said reflected “difficult market conditions”. The group also recorded a loss before tax of £159.9m, increasing from £90.7m year on year. Gross profit dropped 16% to £756m, while adjusted EBITDA declined 7% to £58.6m.

Frasers Group has raised its stake in Boohoo. The retail giant, whose brands include Sports Direct, House of Fraser and Flannels, increased its shareholding in the fast fashion business from 16.5 per cent to 17.2 per cent.

Fashion mogul Mahmud Kamani is the Manchester-raised, Kenyan-born son of Indian parents who has developed a particular soft spot for Turkey.

Total debt on the balance sheet as of February 2024 : £0.43 B. According to Boohoo Group's latest financial reports the company's total debt is £0.43 B. A company's total debt is the sum of all current and non-current debts.

The co-founders and chief executive of Boohoo received a £1m bonus despite the fast fashion giant's losses swelling to almost £160m during its latest financial year. Co-founders Mahmud Kamani and Carol Kane have been handed the bumper pay packet alongside chief executive John Lyttle.

Revenue declined at high double-digit rates across all regions, including 18% in the US, which is seen as the group's pathway to major growth. “For now, it remains a struggling company with a tarnished reputation, reflected in the group's valuation, which has come down significantly over the last few years.”

Is Boohoo making money? ›

Revenue was £921.5 million declining by 16% on 2023 reflecting the impact of the macro environment on consumer demand, as well as price investments and the increase of the Debenhams Marketplace within the sales mix.

Boohoo does not currently pay a dividend.

Boohoo has been criticised for promoting fast-fashion which critics claim comes at a cost to those making the clothes and the environment. More than half of Boohoo's garments are produced in the UK, especially Leicester, London, and Manchester.

Why is Boohoo so cheap? Boohoo is based in the UK but outsources its manufacturing and production to other countries with lower labor and manufacturing costs. The brand also eliminates costs associated with maintaining physical stores by operating entirely online.

It's a seriously exciting time to join us and influence the next chapter of our success. Our 13 amazing brands are; boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Debenhams, Dorothy Perkins, Wallis and Burton. So, think different. Think fast.

Yesterday Boohoo revealed it is closing the US distribution centre that CEO John Lyttle said would be “a complete gamechanger for us just a year after its opening, in a move that analysts think will cost it a minimum of £34m. It's not the first time the embattled fast fashion retailer has made such a u-turn.

Usually we find that an out of stock item is restocked within 14 days of an alert being setup. Do boohoo restock popular items? Yes, boohoo restocks popular items within 14 days. Based on our data, around 65% of the items our users sign up an alert for are found within the 2 weeks.

Stock Market Prediction. **Stock Price Prediction** is the task of forecasting future stock prices based on historical data and various market indicators. It involves using statistical models and machine learning algorithms to analyze financial data and make predictions about the future performance of a stock.