Boohoo Group PLC (BOO) Stock Price & News - Google Finance (2024)

FAQs

Is Boohoo a good stock to buy? ›

boohoo group Plc has a consensus rating of Hold, which is based on 1 buy ratings, 2 hold ratings and 2 sell ratings.

boohoo group is forecast to grow earnings and revenue by 80.8% and 4.5% per annum respectively. EPS is expected to grow by 82.5% per annum.

Boohoo is facing a new investor lawsuit in the UK after allegations regarding the mistreatment of workers in its Leicester factories caused its share price to plummet.

boohoo group has a total shareholder equity of £279.7M and total debt of £325.0M, which brings its debt-to-equity ratio to 116.2%. Its total assets and total liabilities are £1.1B and £795.7M respectively.

Those KPIs illustrate starkly how, by its own measures, Boohoo – like its rival Asos – faces a long path to recovery. As it pursues that path, Boohoo also faces the rising threat of a new generation of online retailers, such as Shein and Temu, who may now disrupt the original disruptors.

Looking ahead to financial 2025, boohoo said it is targeting GMV growth and improvement to adjusted Ebitda margin, on its way to its medium-term target for a margin of 6% to 8%. To achieve this, it is on track for GBP125 million in annualised cost savings in the current year.

Boohoo shares fell on Wednesday after the fast-fashion group unveiled lower revenue and earnings for last year. The group's statutory pre-tax loss jumped to £159.9million in the year to 29 February, up from £90.7million a year earlier, while revenue fell 17 per cent to £1.5billion.

The group, like rival Asos, thrived during the pandemic-driven boom in online shopping, but as consumers returned to high street shops, it has faced a succession of challenges including supply chain issues, inflation, and more product returns.

While a BBC investigation revealed that some Leicester garment factories allegedly linked to Boohoo had been involved in a money laundering and VAT fraud scheme, some of the group's Pakistan-based suppliers had also been accused of paying workers 29 pence per hour when working in alleged appalling conditions.

Several ethical issues are highlighted in our research of Boohoo, including inadequate supply chain policies, likely use of tax avoidance strategies, underpaying workers in its supply chain in the UK and abroad, lacking adequate animal welfare and animal testing policies, excessive directors' pay, marketing a product ...

How profitable is Boohoo? ›

In the year ending February 28, 2023, the Boohoo Plc. group accumulated a gross profit worldwide of approximately 985 million British pounds. This represented a slight decrease from the previous year.

Fast fashion online retailers have experienced well-documented struggles with sales since the pandemic, and Boohoo is no exception. Revenue for the 2024 full year plummeted 17%. The company has blamed macroeconomic conditions, but the problems may run much deeper than external economic factors.

In the year ending February 28, 2023, the Boohoo Plc. group accumulated a gross profit worldwide of approximately 985 million British pounds. This represented a slight decrease from the previous year.

Boohoo is known for offering affordable and budget-friendly fashion items for several reasons: Online-Only Retailer: Boohoo primarily operates as an online-only retailer. By eliminating the costs associated with maintaining physical stores, such as rent, utilities, and in-store staff, they can often offer lower prices.