THG (GB:THG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
THG PLC has reported consistent year-on-year revenue growth for the third consecutive quarter, driven by strong performance in its Beauty, Ingenuity, and offline Nutrition sectors, with FY 2024 guidance remaining steady. The company announced a multi-year partnership with Frasers Group PLC, involving THG Ingenuity’s technology services and the expansion of Myprotein products in Sports Direct stores. Additionally, THG is poised to sell its luxury goods websites to the Frasers Group, while continuing to provide support through its Ingenuity platform.
For further insights into GB:THG stock, check out TipRanks’ Stock Analysis page.
