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Hut upgrades full-year sales forecast

UK retailer delivers buoyant trading update after £5.4bn initial public offering last month


Same CEO piccy



UK health, beauty nutrition retailer The Hut Group said it expected full-year revenue to be higher than previously expected, in its first comments since the group launched onto the public markets in London’s biggest initial public offering in five years. Sales are forecast at £1.48bn-£1.52bn, up about a third from last year and above previous guidance of £1.43bn. For the three months to September 30, group sales were up 38 per cent to £378m, a slight acceleration from the 35 per cent growth reported for the first half. The beauty and nutrition businesses, which include websites such as Lookfantastic and Myprotein, accounted for more than £300m of the total.

Wow thats a lot of profit - billions.

Revenue is profit isnt  it ....

The company’s IPO was the biggest in London for several years but its unusual corporate governance, which includes a “special share” that gives Mr Moulding the power to veto hostile takeovers, meant that it had to apply for a “standard” rather than “premium” listing.

Its shares are ineligible for inclusion in FTSE indices as a result, even though its market value would put it comfortably inside the FTSE 100.

Fuck that.


Any mention of profit? Or just revenue...
Manchester's the place. Marcus Rashford, Andy Burnham and Matthew Moulding. All they need is their own First Minister, leaving the south to its own miserable, xenophobic, uncaring devices.




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Brit businessman Matt Moulding's £21m gift to staff - and his secretary retired at 36

The Hut Group founder has landed a massive £830million after his firm was launched on the stock market in September - it is one of the biggest in British history



Billionaire businessman Matthew Moulding has landed a gigantic £830million payout - one of the biggest ever - after share prices of The Hut Group soared.

The 48-year-old, who launched his company with John Gallemore in 2004, has amassed a huge fortune over the last 16 years.

Moulding, who confesses he was a late comer to the internet, first started out selling CDs online but has now branched out into a huge range of more than 100 websites.

The focus is largely on health and beauty and the firm sells a range of goods, from cosmetics to protein supplements, as well as being the force behind massiverbands like Honda and Nestle.

Despite only launching The Hut Group onto the stock market in September, it's share prices skyrocketed, earning Moulding his record-busting payout.

he father-of-four, who grew up in Colne, near Burnley, in Lancashire, is a self-confessed workaholic, who manages his empire almost exclusively on his mobile phone.

How very Phillip Green ...

Moulding works huge hours and powers his day with a whopping 20 shots of coffee.


Happily married, the businessman is also extremely health and fitness conscious and doesn't let his gruelling workload get in the way of his gym sessions.

Despite his incredible work ethic, Moulding also makes sure he finds time for luxury holidays in exclusive resorts in the Maldives with his wife and children.

And the entrepreneur, who starts each working day at 6am sharp, has never forgotten in working class roots growing up in a two up, two down terrace in a Lancashire mill town.

Moulding has vowed to donate the entirety of his £750,000 annual salary to charity. He has also given £10million of his fortune to support Covid relief efforts during the coronavirus pandemic and donated £2million of PPE to frontline workers on top of that.

The online mogul has also made sure he supports those behind the success of his business - his employees.

Last year, staff at the Manchester-based The Hut Group shared a massive £21million share windfall between them.

Any proof??

Several workers became multi-millionaires as a result of the company's share buy back scheme, which is open to staff, says Moulding.

He added: "No one in the scheme received less than a couple of hundred grand."

Those included, who were recommended for the scheme by their managers, had included airport drivers and Moulding's own personal assistant, who made so much money from the shares that she was able to retire when she was just 36.

Moulding said at the time: "With the rise of [Jeremy] Corbyn, there is a lot of anti-business sentiment around, but there are people in business who want to do the right thing. No one is perfect, but we are wanting to share the wealth."

Employees at The Hut Group had been awarded more than a fifth of the company's share capital since it was founded in 2004.

I dotn get this. Surely it shoudl be evweryone? This sounds like favourites/bent.

After being floated on the stock market just two months ago, The Hut Group hit all of its valuation targets, which will mean huge payouts for its other executives, as well as Moulding.

A spokesman for THG said: "We are delighted with the market reaction to our IPO and that all of our shareholders are benefiting from the strong performance of the business.

"The equity scheme was put in place when THG was a private company, and we are delighted that over 200 THG staff have already shared in the scheme, worth around £200million today."


I cant wat to see a couple of years of accounts, assuming it last that long.



Looks like a pump n dump, where theyve been promising staff shares rather than paying them. Kitchen sinking every bit of revenue to make the numbers look good.



The target was set when the company was floated on the London Stock Exchange in September at 500p a share and a value of £5.4billion. The price is now 647.8p.

That share price is not surging.

The entrepreneur already takes just under £20million a year out of The Hut Group as the company's landlord and currently owns a £556million stake. 

yeah, thats not a conflict of interest.


In the three months to September 30, The Hut Group reported £378million of sales. Bosses predict profits for the whole year will be around £1.5billion.

So, profit margin well above 100%

Cant even scam trustpilot




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Im sort of getting a bit interested in THG.

Im probing around on the interweb and not really getting any ideas.

The trustpilot reviews is a huge red flag.

Putting asides the finances, the first place to look is who works for them.


They are very keen on the young and err naive.

They claim to have a proprietary software system that does everything.


Elena Waite

Graduate Software Engineer

Graduated with Bachelor degree in Geography from University of Manchester

Robert Shearme

Graduate Software Engineer

Graduated with a Bachelor degree in Natural Sciences from University of Cambridge

Alexa Powell

Graduate Software Engineer

Alexa has a MSc in Maths From University of Manchester


If you are new rapidly growing company than the last thing you need are a load of fresh fards. You need a large number of of software/operations people with 10+ years experience.

As far as I can work out, THG claims to be some sort of cross between SportsDirect and Amazon.

Heres some blurb from 2013

The Hut Group’s continued revenue and earnings growth drives significant job creation

Trading Update: 6 months to 30 June 2013

The Hut Group Limited (the Group), one of Europe’s fastest growing online Lifestyle and Health and Beauty groups, reports on continued strong trading for the 6 months ended 30 June 2013.

Financial Highlights

  • Net revenue1: £77.1 m (2012: £59.1 m), representing a +30.3% increase year-on-year
  • 39% of revenue generated through proprietary Group brands
  • 37% international sales mix
  • EBITDA growth significantly ahead of revenue growth, demonstrating the Group’s operating leverage
  • The revenue and earnings growth has led to a significant increase in cash generation
  • £24m facility agreed with Barclays on improved terms and an extended period, for the addition of new brands to the Group’s own brand portfolio

Those numbers are tiny for low margin retail.

To (financials at bottom):


THG seem to have been paying a very high price for low margin revenue.

The claim that the CEO is LL to group worries me.

He doesnot have any other active company on the go.

WHo or what owns the buildings?





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