Britain's Boohoo sees tough year ahead as profit falls 28%

·2-min read
FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration

LONDON (Reuters) - British online fashion retailer Boohoo reported a 28% fall in annual core earnings that reflected significant freight and logistics cost inflation and warned that pandemic-related external factors will continue to impact it this year.

The group said on Wednesday it made adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 125 million pounds ($156 million) in the year to Feb. 28 - in line with guidance and down from 173.6 million pounds in 2020-21.

($1 = 0.8020 pounds)

(Reporting by James Davey; Editing by Kate Holton)

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