What's Happening?
THG, a health and beauty brand, has reported its strongest quarter of organic sales growth in nearly four years. The company's third-quarter trading statement revealed a 6.3% increase in group sales across THG Beauty and THG Nutrition, totaling £405.2 million for the period ending September 30, 2025. This growth was driven by a 10% uplift in THG Nutrition and continued momentum in its beauty arm. The positive results follow strategic changes to THG's operating model and brand proposition investment.
Why It's Important?
THG's return to growth is significant as it reflects the effectiveness of its strategic initiatives and operational changes. The company's focus on expanding Myprotein's direct-to-consumer market share and accelerating its global offline presence through retail and brand partnerships has contributed to this success. The strong performance positions THG well for the upcoming key trading period, and the anticipated new partnerships could further enhance its market presence and competitive edge in the health and beauty industry.
What's Next?
THG plans to announce several new partnerships soon, which are expected to build on the positive momentum achieved this year. These partnerships will likely focus on expanding THG's market reach and enhancing its brand proposition. As THG continues to implement strategic initiatives, the company is well-positioned to capitalize on growth opportunities in the health and beauty sector, potentially leading to further increases in sales and market share.