Boohoo’s financial outlook continues to be relatively upbeat in my view. Its online focus means that it is not saddled with the high business rates or declining footfall experienced by high street retailers. This provides it with a fundamental advantage over many of its sector peers.
Since the Boohoo share price has disappointed in recent months, I think it could now offer good value for money. With a PEG ratio of around 1.4, I am optimistic about its long-term growth potential.
Boohoo Group PLC (LON:BOO) operates as an online fashion retailer in the United Kingdom, rest of Europe, the United States, and internationally. The company also provides its products under the boohoo, boohooMAN, PrettyLittleThing, and Nasty Gal brand names.