THG Beauty Records Unprecedented Growth Since 2021, Stocks Soar by 10%
British e-commerce beauty titan, THG, has posted its most robust quarterly revenue growth since the onset of the COVID-19 pandemic. The first quarter of 2026 saw beauty sales soar by 5.8%, reaching a staggering £233.3 million. The company, home to renowned online retailers Lookfantastic and Cult Beauty, reported a total group revenue increase of 7%, amounting to £393.1 million for the period ending March 31.
CEO Matthew Moulding described the performance as “energising for everyone at THG.” Following the announcement, shares leapt nearly 10%, making THG the top gainer across all London stocks. The beauty division witnessed an especially strong performance in the US market, with a 10% surge in new customers. Moreover, K-Beauty products more than doubled their year-on-year revenue, bolstered by the launch of six new brands.
Lookfantastic outshone the UK prestige beauty market with growth propelled by an increase in orders and active customers. New brand launches, including SkinCeuticals and MAC, surpassed expectations since their introduction on the platform. Despite minor disruptions from Middle East tensions, which affected less than 1.5% of overall revenue, the company maintains its full-year guidance.
Source: Fashion Network