THG PLC (LSE:THG) reported its strongest organic quarterly sales growth in four years, with third-quarter revenue up 6.3% on a constant currency basis, putting it on track to hit full-year targets.
Group revenue came in at £405.2 million, up 2.4% on the same period last year, after the top line shrank 2.6% in the first half.
THG Beauty sales were down 1.2% to £258.2 million, or up 4.2% on a constant currency basis, while THG Nutrition saw growth of 9.3% to £147 million, or 10% if currency swings are ignored.
Nutrition was supported by higher prices, increased online sales, new retail partnerships and product launches.
Beauty sales returned to growth thanks to a record Advent calendar launch and double-digit growth at the Lookfantastic website, which was only partly offset by slower growth in own brands and US retail.
THG said the third quarter’s performance "positions the group favourably" against its second-half guidance range, though full-year expectations were unchanged.
Chief executive Matthew Moulding called it a "solid" performance, saying progress was "a direct result of the strategic initiatives and operational change we have implemented, and we are well positioned for the key trading period ahead".