Mytheresa Announces Preliminary Q3 GMV In The Range Of €245 Million To €255 Million; Net Sales In The Range Of €230 Million To €235 Million; Sees FY24 GMV And Net Sales Growth In The Range Of 8%-13%
Portfolio Pulse from Benzinga Newsdesk
MYT Netherlands Parent B.V. (NYSE:MYTE), known as Mytheresa, announced preliminary Q3 FY24 results with GMV between €245M-€255M and net sales of €230M-€235M, indicating a 12%-15% and 15%-18% increase respectively from the previous year. The company also expects an adjusted EBITDA margin of 3%-4% and an operating income margin of 1.5%-2.5% for Q3. For FY24, Mytheresa anticipates 8%-13% growth in GMV, net sales, and gross profit, with an adjusted EBITDA margin of 3%-5%, confirming its guidance at the lower end of these ranges.
April 18, 2024 | 12:06 pm
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MYT Netherlands Parent B.V. (NYSE:MYTE) announced strong preliminary Q3 FY24 results with significant growth in GMV and net sales, alongside improved profitability margins. The company also confirmed its full-year FY24 guidance at the lower end of its previously stated ranges.
The announcement of strong preliminary Q3 FY24 results, including significant growth in GMV and net sales as well as improved profitability margins, is likely to be viewed positively by investors. The confirmation of FY24 guidance, even at the lower end, indicates management's confidence in the company's performance and strategic direction. This news is expected to have a positive short-term impact on MYTE's stock price as it reflects operational strength and market share gains in a consolidating market.
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