Boohoo (BOO) has upped its sales growth guidance. The group now expects revenue growth to come in at between 33-38 per cent, compared with 25-30 per cent previously.
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The cash profit margin is expected to remain at 10 per cent, even as the group invests in its three most recent acquisitions, Karen Millen, Coast and Miss Pap. The fast-fashion retailer’s shares jumped 15 per cent in response to the announcement, while a number of analysts increased their forecasts.
