Online retailer expects to earn at least £50m more in 2020 than previously thought
The Hut Group has raised its sales forecasts for the second time since listing on the stock market in September, after the online retailer founded by the billionaire Matthew Moulding enjoyed strong Black Friday sales.
The company expects to earn at least £50m more than previously thought during the 2020 financial year. Revenues will be between £1.57bn and £1.6bn, up from previous guidance of £1.48bn to £1.52bn.