Nothing to cry about here. Well, maybe some happy tears.
It's another positive update from Boohoo, after the retailer upgraded its sales forecast back in February, with bumper profits and revenues for last year.
Retailer Boohoo has announced revenue is about £100m higher at £294.6m compared to £195.4m for the year before, while profit before tax rose 97 per cent for the year to 28 February to £30.9m.
Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) was £35.6m, up 90 per cent on the year before.
Gross margin has edged down slightly, though that is still 54.6 per cent.
The retailer said it had a strong balance sheet with net cash of £58.4m after capital expenditure and picking up Nasty Gal in February.
Shares dropped in morning trading though, down 3.29 per cent to 183.50p at the time of writing, with N+1 Singer analyst Matthew McEachran saying: "A lot of the recent re-rating has been well justified but we wonder if the market was hoping for a sizeable upgrade today."
Peel Hunt analysts meanwhile said Boohoo's guidance looked "too conservative".
Why it's interesting
The favourite of millennial shoppers has been making targeted growth plans, with the acquisition of bankrupt rival Nasty Gal in February for £20m (£16m), soon after announcing it was picking up a two-thirds stake in PrettyLittleThing.
And its online presence has been solid, with 5.2m active customers now, a rise of 29 per cent on the year before.
Throw in the fact the retailer keeps upping its sales forecast and Boohoo is proving very on trend indeed. Now the company is focused on moving forward with its new size and structure following the acquisitions and said it expects group revenue growth approached 50 per cent over the year.
What the company said
Mahmud Kamani and Carol Kane, joint chief executives, said:
"It has been a momentous year for us, with strong results and the acquisitions of PrettyLittleThing on 3 January 2017 and the Nasty Gal brand on 28 February 2017.
Both brands have huge potential and the acquisitions represent a step change in the size, structure and operation of the group.
Trading in the first few weeks of the 2018 financial year has made a promising start and we are excited about the prospects of our development into a multi-branded business.
We expect group revenue growth approaching 50 per cent over 2017, which includes growth from the recent acquisitions, and a group Ebitda margin of approximately 10 per cent.