THG PLC (LSE:THG) backed guidance for the full year after what it called its best quarterly performance in the last year, though revenue fell 4.4% thanks to declines in all areas of the business.
But the owner of the Hut Group and MyProtein pointed to an improving performance each month in the quarter, with the group returning to constant currency growth in September.
Full-year revenue guidance was maintained for somewhere between flat and down 5%, with guidance for adjusted EBITDA and cash generation also held.
Matthew Moulding, chief executive, said: “The group is exceptionally well invested with a strong balance sheet, with each division well positioned to grow market share in any market conditions."
THG said each division continues to make progress against its stated strategy to return to sales growth and rebuild margins, while the impact of global de-stocking on its beauty manufacturing business has eased.
The firm said THG Nutrition revenue fell 4.6% in the period but it delivered a record adjusted EBITDA.
Group stock levels have continued to normalise, the firm said, supporting another quarter of strong cash performance, contributing to a £5 million inflow.
THG said it also continues to monitor the FCA listing regime review in respect of the move to the premium segment.