The Hut Group is a hot property after rapid rise in sales forecasts | Business

The Hut Group increased its forecast for annual sales yesterday after they grew by more than a third in the last quarter.

In its first update since going public last month, The Hut raised its full-year revenue guidance to between about £1.48 billion and about £1.52 billion, an increase from its forecast issued at the time of the float of £1.43 billion and representing a growth rate of up to 33 per cent.

The upgrade to forecasts was prompted by the company announcing third-quarter revenue of £378.1 million, up 38.6 per cent year-on-year, a slight acceleration on 35.8 per cent growth reported for the first half. Revenue for the beauty and nutrition businesses both grew by more than 40 per cent and accounted for