THG’s Q3 trading statement had good news on Tuesday with the strongest quarter of organic sales growth since 2021 and revenue up strongly on a continuing basis.

The three months to the end of September saw accelerating growth in both THG Beauty and THG Nutrition.

Total revenue rose only 2.4% to £405.2 million but on a continuing basis it rose 6.3%. And while total Beauty revenue fell 1.2% to £258.2 million, on a continuing basis it rose 4.2%.

The combined impact of disposals and discontinued activities reduced group year to date and Q3 revenue growth by 340bps and 270bps, respectively.

In Beauty, the company has discontinued a number of activities and sold its luxury portfolio.

But the company continues to expect Beauty sales for the second half as a whole to rise between 1% and 3% (w

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