boohoo.com PLC (LON:BOO) saw its shares drop on Tuesday after the online fashion retailer's latest trading update proved mixed, with a sales jump mainly attributed to its PrettyLittleThing (PLT) acquisition.
In morning trade, boohoo shares were 4.3% lower at 210.6p.
READ: Boohoo skyrockets upwards: sales nearly double, revenues up 97% year-over-year
The AIM-listed firm's group revenue rose 53% to £183.6mln in the half year to May, but almost all of the growth came from PLT where sales jumped 158% to £79.2mln and margins also climbed.
The original boohoo operation was less spectacular, with sales up 12% to £97.2mln and margins lower.
Boohoo said the group had seen market share gains and growth everywhere, with UK sales up 49% and international sales up 60%. Nasty Gal sales surged by 149% to £7.2mln.
For the full year, boohoo again forecast revenues to grow by 35% to 40% with adjusted its underlying earnings (EBITDA) margin at between 9% to 10%.
“Significant market share gains have been achieved in all of our key focus markets, with our compelling combination of the latest fashion at incredible prices, backed by great customer service resonating strongly with our customers,” said Mahmud Kamani and Carol Kane, joint chief executives.
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