THG growth driven by ‘standout’ beauty arm performance

THG has posted strong revenue growth in the first quarter of 2024, which it said was led by a “standout performance” across its beauty divison.
In the first quarter of 2024, the Cult Beauty and LookFantastic owner saw a 4.5% jump in revenue compared to the previous year as total revenue rose by 0.3% on a continuing basis, reaching £459.9m for the first quarter.
THG Beauty, which delivered significant year-on-year growth, drove a revenue increase of 11.1%, while also posting a &