THG Beauty drives revenue as MyProtein faces setbacks in FY 2024

THG has reported a 5% drop in total revenue to £1.94bn for FY 2024, although it remains confident of meeting its full-year expectations.
The company’s Beauty division, which includes brands like Lookfantastic and Cult Beauty, saw strong growth, with revenue increasing 4.6% to £1.1bn. This was driven by a solid performance in both skincare and fragrance, with fragrance sales up 32% during peak trading.
In contrast, THG’s Nutrition arm, which includes MyProtein, faced chall