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Huddled Group ( (GB:HUD) ) has provided an announcement.
Huddled Group PLC reported significant growth in FY 2024, with a 485% increase in revenue, reaching over £14 million. The company achieved record results in Q4, with Discount Dragon turning an adjusted EBITDA profit, and Nutricircle and Boop Beauty outperforming expectations. Despite warehouse capacity challenges, Huddled’s strategic moves, including the proactive disposal of slow-moving stock and effective marketing promotions, attracted 38.5K new customers in Q4. The company anticipates further cost efficiencies with warehouse redesign and remains optimistic about future profitability.
More about Huddled Group
Huddled Group PLC operates in the circular economy e-commerce sector, focusing on reducing waste by acquiring surplus inventory and passing savings to customers. The company’s core brands include Discount Dragon, Nutricircle, and Boop Beauty, catering to the food, cosmetics, vitamins, and perfumes markets.
YTD Price Performance: 6.90%
Average Trading Volume: 1,257,990
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £9.96M
See more data about HUD stock on TipRanks’ Stock Analysis page.
