Boohoo and Ashtead to offer contrasting lockdown reopening perspectives on Tuesday
When Boohoo Group PLC (LON:BOO) sashays down the City catwalk on Tuesday investors and analysts will be looking the online fast-fashion outfit’s first-quarter numbers up and down to see how it has fared as lockdown restrictions have eased and customers can now buy their clothes from high street stores again.
Revenue growth will be examined for any signs of a slowdown, as well as how it is performing in the key US market which is a major source of future growth.
Back at the time of full-year results, revenues for the 12 months to 28 February were up 41% but the company said it expected the positive trend to wind down.
Expansion will also be on the cards as Boohoo looks to acquire more warehouses and expand its existing estate, with capital expenditure for the full year expected to be between £125-£175mln.
Meanwhile, there will also be interest in the ‘King of AIM’s supply chain review, as the retailer is expected to publish a full list of its suppliers by the end of the summer.
Ashtead looks to build up post-pandemic strength
Construction equipment rental firm Ashtead Group PLC (LON:AHT) will report full-year results on Tuesday, with the numbers likely to reflect the sharp slowdown in construction activity as the pandemic slammed the brakes on building.
However, March’s nine-month numbers showed rental revenue down a not-too-bad 3%, with company having taken the opportunity in the past year to replace older equipment and cut down on costs.
Shareholders will be hoping the group is now well set to benefit from a return to normality as lockdown restrictions ease across its markets.
With this in mind, the company’s predictions for the coming year will be key, particularly with many countries looking to spend big on infrastructure projects to kick start their economies.
Major announcements expected on Tuesday June 15:
Finals: Ashtead Group PLC (LON:AHT), Anemoi International Ltd (LON:AMOI), CML Microsystems Plc (LON:CML), Iomart Group PLC (LON:IOM), Tatton Asset Management PLC (LON:TAM), Thalassa Holdings Ltd (LON:THAL), TP Group PLC (LON:TPG), Vianet Group PLC (LON:VNET), Telecom Plus PLC (LON:TEP), GB Group PLC (LON:GBG)
Economic data: UK unemployment, US retail sales, US PPI