DAVY VIEW

THG revenue performance remains on track with its previous guidance, with growth supported by positive trading across the Beauty and Ingenuity divisions, while strength in the offline Nutrition business has helped to offset continued FX headwinds. THG has agreed a partnership with Frasers Group across several areas, including the sale of its portfolio of luxury websites. Guidance for FY24 remains unchanged. We envisage limited changes to our current forecasts.