Boohoo

Coast Entertainment posted an operational revenue increase of 20.8% to AUD 116.5m in FY 2026 and a recovery in profitability: theme parks EBITDA rose 113.6% to AUD 18.8m and statutory net profit climbed to AUD 6.1m. Visitor numbers increased 29.3% to 2.0m guests, operating cash flows more than doubled, and the company finished debt-free with AUD 35m in cash. Coast received development approval for 55 hectares in Coomera and reports a pro‑forma net asset value of AUD 1.08 per share, while the stock slipped slightly. Around AUD 17m of investments are planned for FY 2027 (including Lost Mine Mayhem) and the board is reviewing capital and financing options. » More on de.investing.com

France’s consumer watchdog fined Boohoo €2.3m after finding widespread misleading promotions and labelling breaches. Of the promotions reviewed, 40% were not real price reductions, 7% showed smaller discounts than advertised and 48% represented price increases, and the firm used terms like “leather” or “suede” for synthetic items. The penalty follows a prior $100m settlement in the US over similar alleged fake promotions. Boohoo said the issues related to Oct 2023–Feb 2024 under previous management have been resolved and it is reviewing pricing and labelling practices. » More on theguardian.com

Boohoo reported a positive trading update ahead of its annual general meeting: GMV rose year-on-year, margins improved and return rates fell. The Debenhams marketplace and warm weather supported sales, PrettyLittleThing returned to growth and profitability, and Karen Millen strengthened its position as an international premium brand. Management confirmed its balance-sheet targets and aims to reduce net debt to below one times adjusted EBITDA by the end of February 2027; a further update will follow in September. The share then rose by around 4.2% to 24.75 pence. » More on de.investing.com