Danni Hewson, head of financial analysis at AJ Bell, said: “The retail backdrop may be unhelpful and a battle with its largest shareholder Frasers ongoing but Boohoo, trading under the Debenhams banner, does seem to be getting some traction with its turnaround efforts.
“An update on the year to February is comfortably ahead of expectations but, perhaps more significantly, guidance for the current year has been upgraded.
“It suggests chief executive Dan Finley is making real progress with a business that was in a mess after a difficult period coming out of the pandemic.
“Shareholders will hope these efforts aren’t knocked off course by external events.”
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