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THG ( (GB:THG) ) has provided an announcement.
THG PLC reported its strongest quarter of organic sales growth since 2021, with a 6.3% increase in Q3 revenue, driven by significant growth in both THG Beauty and THG Nutrition. The company has returned to year-to-date revenue growth, aided by strategic changes and brand investments. Despite the impact of asset disposals and discontinued activities, THG Beauty achieved a 4.2% revenue growth, bolstered by a successful advent launch and strong UK retail momentum. THG Nutrition reported a 10.0% YoY growth, the highest in over two years, with expansion in the US and Middle East markets. The company remains optimistic about meeting its full-year performance expectations, entering its most profitable period.
The most recent analyst rating on (GB:THG) stock is a Hold with a £0.43 price target. To see the full list of analyst forecasts on THG stock, see the GB:THG Stock Forecast page.
Spark’s Take on GB:THG Stock
According to Spark, TipRanks’ AI Analyst, GB:THG is a Neutral.
THG’s overall stock score is primarily influenced by its financial challenges, including declining revenues and high leverage. While technical indicators suggest a bearish trend, strategic achievements in the earnings call, such as growth in THG Nutrition and balance sheet improvements, provide some optimism. Valuation remains a concern with negative earnings and no dividend yield.
To see Spark’s full report on GB:THG stock, click here.
More about THG
THG PLC is a global e-commerce group headquartered in Manchester, UK, operating through two primary consumer businesses: THG Beauty and THG Nutrition. THG Beauty manages prominent online platforms like Lookfantastic and Cult Beauty, providing a market route for over 1,000 third-party brands alongside its own brands. THG Nutrition, led by Myprotein, the world’s largest online sports nutrition brand, spans multiple health and wellness categories, delivering products directly to consumers and through strategic offline partnerships globally.
Average Trading Volume: 4,721,653
Technical Sentiment Signal: Hold
Current Market Cap: £565.4M
For an in-depth examination of THG stock, go to TipRanks’ Overview page.