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THG issues profit warning despite record H1 revenue

Shares in THG plunged Thursday after the British e-commerce giant issued a profit warning. THG said it expects full-year adjusted EBITDA to be in the range of 100 million pounds and 130 million pounds compared to a previous estimate of EBITDA being flat on the prior year. Meanwhile, it expects full-year revenue growth of between 10 percent and...

15 Sept 2022