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THG ( (GB:THG) ) just unveiled an announcement.
THG PLC, the Manchester-headquartered e-commerce group behind THG Beauty and THG Nutrition, reported its strongest first-quarter revenue growth since 2021, as group sales rose 7% on a constant-currency basis to £393.1m. The performance was driven by renewed momentum in prestige beauty and robust demand for sports nutrition, despite currency headwinds and a modest drag from disposals and discontinued activities.
THG Beauty revenue grew 5.8% on a constant-currency basis, supported by strong US trading, a 7% rise in UK orders and market outperformance by Lookfantastic, while K-beauty and new brand launches such as SkinCeuticals and MAC bolstered platform growth. THG Nutrition posted 8.8% growth, or 12.1% excluding Asia, as expansion into higher-margin categories including activewear, creatine, hydration and collagen helped offset record whey prices and underpinned market share gains in key retail channels.
Management reiterated full-year 2026 guidance and highlighted the group’s best first-quarter cash flow in three years, backing a free cash flow target of £25m to £50m. Strategic initiatives such as Myprotein’s growing licensed product ranges, new listings with major grocers and specialty chains, and an ongoing pivot to higher-margin structures in Asia are intended to strengthen THG’s competitive positioning while mitigating exposure to geopolitical and commodity cost pressures.
The most recent analyst rating on (GB:THG) stock is a Buy with a £60.00 price target. To see the full list of analyst forecasts on THG stock, see the GB:THG Stock Forecast page.
Spark’s Take on THG Stock
According to Spark, TipRanks’ AI Analyst, THG is a Neutral.
The score is held back primarily by mixed financial quality—negative operating profit and a deterioration to negative operating/free cash flow in 2025 despite improving net income—plus still-elevated leverage. Technicals are supportive with price above major moving averages, but momentum looks stretched (very high Stoch). Valuation is moderately attractive on P/E, and the latest earnings call signals meaningful strategic and balance-sheet progress, tempered by revenue decline and cost pressures.
To see Spark’s full report on THG stock, click here.
More about THG
THG PLC is a Manchester-based global e-commerce group and brand owner operating through two main consumer divisions: THG Beauty and THG Nutrition. THG Beauty runs online platforms such as Lookfantastic, Dermstore and Cult Beauty, providing routes to market for over 1,000 third-party and owned beauty brands. THG Nutrition, led by the Myprotein label, spans sports nutrition, health and wellness, selling directly online and via growing offline retail partnerships worldwide.
Average Trading Volume: 4,728,405
Technical Sentiment Signal: Buy
Current Market Cap: £655.5M
For an in-depth examination of THG stock, go to TipRanks’ Overview page.