Avoid Boohoo Group (BOO) by John Choong in The Motley Fool

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  • Performance

    55.01%

  • Price at start

    76.60p

    (bid)

  • Current price

    34.46p

    (ask)

  • Tip made

    25/05/2022

  • Tip Status

    Open

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Tip Notes

"...with inflation continuing to weigh on consumer spending, I expect sales growth to continue declining. Management shares my sentiment too, as guidance for FY23 is for low-digit revenue growth. Expensive freight costs have also impacted its bottom line as the firm saw its profit margin decline from 5.2% in FY21 to -0.2% in FY22. I won’t be buying for now." - John Choong, The Motley Fool

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