Business
AGM Trading Statement
AGM Trading Statement.
About this update from Thg Plc
[{"type":"text","content":"\n\n25 June 2025\n \nTHG PLC\n \nAGM Trading Statement\n \n \nReturn to Group revenue growth in Q2, FY 2025 guidance unchanged\n \n \n \nTHG PLC (\"THG\" or the \"Group\") provides the following update on trading ahead of its Annual General Meeting (\"AGM\") later today.\n \nFigures and commentary reflect continuing CCY[1] unless otherwise stated.\n \nAs anticipated, trading in the second quarter has been much improved across both Beauty and Nutrition, with the Group returning to CCY revenue growth, underpinned by a strong June exit rate supporting unchanged FY 2025 guidance.\n \n \nTHG Beauty\n \n· Following a significant improvement quarter-on-quarter, Beauty is expected to deliver a revenue decline of between -2.0% and -3.0% (Q1: -9.8%).\n \n· Beauty retail, which comprises the vast majority of the Beauty business, traded resiliently with growth in the UK (the largest territory) at its highest rate since Q1 2024 supporting market share gains (Source: Circana). The decision to withdraw from lower-margin Asia and European territories annualises in Q3, thereby neutralising the year-on-year revenue drag effect from that point onwards.\n \n· Beauty own brand revenue was held back in the quarter reflecting timing differences of key customer orders which are expected to reverse in H2.\n \n \nTHG Nutrition\n \n· Positive momentum within Nutrition continues to build, with new customer growth supporting a solid online performance. Q2 2025 revenue growth is expected to be between +5.0% and +7.0% (Q1 2025: +0.1%), with the business growing at its fastest rate since Q1 2022.\n \n· From a largely standing start 3 years ago, Nutrition's offline strategy is gaining significant traction. Myprotein products are now available in over 34,000 doors, principally within the UK, US and Japan. New retail listings secured in Europe in H1 2025 include 900 stores for the Dutch health and wellness specialist Kruidvat. Asia momentum continues to build with listings in 7-Eleven (>3,000 stores in Taiwan and Singapore), Costco (Taiwan) and Decathlon (Vietnam market entry through store-in-store model). \n ...