UK's THG H1 operating loss narrows on strength in nutrition segment
UK's THG H1 operating loss narrows on strength in nutrition segment
Overview
UK nutrition and beauty e-commerce group's H1 revenue grew 7.2% yr/yr, ahead of company guidance
Adjusted EBITDA for H1 more than doubled to £42.8 mln, driven by margin improvement
Operating loss for H1 narrowed to £10.6 mln from £30 mln a year earlier
Outlook
THG expects full-year revenue, adjusted EBITDA and free cash flow in line with market consensus
THG targets £25m-£35m positive free cash flow for FY 2026
Result Drivers
MYPROTEIN GROWTH - Co said Myprotein brand growth was driven by global rebrand, expansion into licensing and activewear, and new product launches
NUTRITION MARGIN IMPROVEMENT - Margin improvement in THG Nutrition attributed to pricing actions, innovation, channel diversification and cost controls, despite elevated whey input costs
BEAUTY MARKET SHARE GAINS - THG Beauty performance supported by market share gains, premium brand launches, and increased customer engagement, with cost-saving initiatives improving profitability
Company press release: ID:nRSJ1411Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Adjusted EBITDA |
| GBP 42.8 mln |
|
H1 Operating Income |
| -GBP 10.6 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for THG PLC is GBp60.00, about 89.3% above its September 9 closing price of GBp31.70
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)