Boohoo reports 17% revenue decline to £1.46bn in FY24 due to challenging market conditions.

Fast-fashion retailer Boohoo reported a 17% decline in revenue to £1.46bn in FY24, with a widened full-year pre-tax loss of £159.9m. The company attributed the decline to challenging market conditions, including high inflation and weakened consumer demand. CEO John Lyttle stated that Boohoo is well-positioned to return to growth, focusing on sustainable and profitable expansion, via a capital markets day.

May 08, 2024
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