THG Beauty Announces Record-Breaking Revenue Growth Since 2021
British e-commerce beauty titan, THG, has recently declared its most robust first-quarter revenue growth since 2021. The company’s beauty and nutrition divisions have been instrumental in driving these remarkable results, which have led to a nearly 10% surge in company shares.
For the quarter concluding on March 31, 2026, THG reported a 7% surge in total revenue, amounting to £393.1 million. The revenue of THG Beauty saw a 5.8% rise, reaching £233.3 million. This division’s success was fuelled by a strong US performance and a 7% order growth in the core UK market.
The key brand, Lookfantastic, outshone the UK prestige beauty market. Meanwhile, K-Beauty emerged as a standout category, with its revenue more than doubling year-on-year. This growth was backed by six new brand launches. New partnerships, including SkinCeuticals and MAC, have exceeded expectations since their launch.
CEO Matthew Moulding described the performance as “energising for everyone at THG.” He highlighted that US operations continue to perform strongly in both revenue growth and market share, driven by a 10% increase in new customers. The company has maintained its full-year guidance for fiscal 2026.
Source: Global Cosmetics News