THG Beauty leads the way with ‘standout year’ despite Q4 sales dip

THG has posted declining sales for the fourth quarter of 2024 but said it remains on track to meet full-year expectations following the demerger of its Ingenuity technology platform.
For the three months to 31 December 2024, the MyProtein owner saw a 2.6% drop in revenue, totalling £552.4m.
However its full-year performance was in line with market forecasts, with continuing revenue up 1.1% to £1,879.6m on a constant currency basis.
THG’s Beauty division, home to brands like Loo