Boohoo Grp Plc Unsp/Adr (BHOOY) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, good morning, everyone. I'll keep it brief as usual. Joining me, Carol, Neil, and John. It's tough out there, but we're dealing with it. We're managing the business, managing the costs. The opportunity is still global. The opportunity is still massive. We're in control of more or less everything internal. External factors change. In COVID, they were changing daily. Now they change weekly. We deal with it. And we're still very happy with where we are, and we move forward. Over to John. Take it easy. Thanks. Thanks, Mahmood, and good morning, everyone. I'm going to give you an update this morning on our group and performance in the first half, some of the headwinds facing the sector over the last six months, and how we are navigating these headwinds, whilst also investing selectively in key strategic enablers. In the current environment, what we're seeing are transient inflationary headwinds from the pandemic and macroeconomic backdrop. combining with dampened customer demand, which creating a tough operating environment for the fashion e-commerce sector. During this phase, our focus remains on optimizing operational performance and improving profitability through efficiencies and cost savings. We also continue to invest selectively where we see clear opportunities to ensure we are well placed for growth into the future so that the group can rebound strongly as headwinds ease. Macro factors continue to create headwinds for the business. And on this slide, we've highlighted how these have trended over the past six months. Our international delivery proposition is largely unchanged, particularly in key markets such as the US, where it is still taking eight to 10 days to deliver a parcel versus three to five days previously. We have, however, seen some small improveme...