THG PLC (LSE:THG) reported a return to revenue growth in the second quarter of 2025, maintaining its full-year guidance. The Beauty division saw an improved performance with a smaller revenue decline than in Q1, driven by strong UK sales. The Nutrition segment experienced robust growth, with Myprotein expanding its offline retail presence globally through key partnerships across the US, Europe, and Asia. This expansion is expected to increase brand visibility and sales, despite ongoing cost pressures from elevated milk and whey prices.
THG’s outlook remains cautious due to financial challenges and weak technical indicators. While recent corporate developments demonstrate strategic progress and some financial improvement, overall financial instability and negative valuation metrics continue to weigh on the stock’s score.
More about THG
THG PLC is a global e-commerce group headquartered in Manchester, UK, operating primarily through two consumer businesses: THG Beauty and THG Nutrition. THG Beauty runs online platforms such as Lookfantastic, Dermstore, and Cult Beauty, offering access to over 1,300 third-party brands alongside its own portfolio. THG Nutrition, led by Myprotein—the world’s largest online sports nutrition brand—provides health and wellness products through direct-to-consumer and offline retail channels worldwide.
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