Financial PerformanceH1 revenue declined by 15% and H1 EBITDA margin was 3.4%, which is below current estimates.
Leadership And GovernanceThe urgency in appointing a new CEO at BOO was presumably increased by external pressure from Frasers to fill the vacant role.
Operational ChallengesBoohoo has ceased supplying customers from its US DC, and will now fulfil all US orders from its UK DC in Sheffield, resulting in longer lead times and a write-down against the investments associated with the US operation.