Boohoo’s Revenue Up 40% In Quarter Ended Feb 29’s Revenue Up 40% In Quarter Ended Feb 29

The online fashion retailer, reported a rise of 40 per cent in revenue in the quarter ended February 29 to £195.4 million as compared to £139.8 million in the corresponding quarter last fiscal because of strong revenues generated across all operating geographical regions.

The company saw a rise of 38 per cent in revenue generated from the UK region to £130.1 million by the end of February 29 as compared to £94.3 million last year.

Commenting on revenue growth, “We are pleased to report a year of strong revenue growth across all geographic regions.  Active customer numbers, order frequency and conversion have all increased as we continue to invest in building customer lifetime value,” Mahmud Kamani and Carol Kane, Joint CEOs of said.

“The expansion of our product range has been very well received by our customers and contributed to strong growth, with the new petite range performing very well along with plus-size, which was introduced last year and continues to grow rapidly,” they added.

The company expects a rise of 25 per cent in sales for the full financial year.