Thg Plc (GB:THG) has released an update.
THG PLC has reported a notable increase in group revenue, with a 4.5% growth in Q1 2024, signifying a steady improvement over the last five quarters. THG Beauty emerged as the star performer, recording an 11.1% revenue increase, a sharp recovery from the previous year’s decline. Despite currency challenges and strategic rebranding efforts in the Nutrition sector, the company’s focus on high-margin sales and strategic geographic targeting has led to overall business growth and a robust outlook for the coming fiscal year.
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