Boohoo Grp Plc Unsp/Adr (BHOOY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, guys. Good morning and thanks for joining us for our FU24 results presentation. I'll keep it nice and easy, keep it sweet. Joining me are Carol, John, and for the very first time, our good man, Stephen. This year, I don't know if you know, but it's our 10-year anniversary since we floated, where we're taking just over 100 million. We're now a whole different ballgame. We're now a magnificent, magnificent business. Bigger and better than ever. Okay, we've had some challenges, but hasn't everybody? But we're dealing with it, and there's light at the end of the tunnel. Not is there light, there's sunshine. There's sunshine at the end of the tunnel, and it's marvellous. All is good, all is well, and the future is bright. So that's it from me. Till next time, I'll leave you with the guys. Thanks. Thanks, Mahmood. Good morning, everyone. And thank you for joining us for our financial year 24 results presentation. 2024 was a difficult year impacted by a challenging macroeconomic environment that caused continued weakness in consumer demand and elevated costs. However, despite these challenges and the impact they have had on our financial performance during the year, there is also a lot for us to be proud of. We have taken the decision to focus the group on our five core brands. These core brands are much loved by our customers, enable us to address a diverse audience and best position the group for growth. The financial results will show you that this strategy is already proving effective, as despite the headline revenue decline of minus 17%, core brands performed much more strongly, showing an accelerated return towards growth. Part of this success is down to the strong progress in Debenhams Marketplace. The growth of this capital-light, stockless, 100% margin model is...