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Cost inflation to dent Boohoo’s full year margins By Reuters

by Mike Robinson

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© Reuters. This illustration, taken on September 30, 2020, shows a smartphone that has the Boohoo logo printed. REUTERS/Dado Ruvic/Illustration

LONDON (Reuters) – British online fashion retailer Boohoo warned on Thursday that freight inflation in its supply chain and higher wages for its distribution centre workers would hit full year profit margins.

Full year adjusted EBITDA margins in 2021-22, according to the group, are now estimated to range between 9% and 9.5% in comparison to the 9.5%-10% previously predicted.

Boohoo also revealed a 5% drop in core earnings for the first half.

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