LONDON—British online fashion retailer Boohoo warned on Thursday that full year profit margins will be lower than its previous guidance due to a rise in freight costs in its supply chain and higher wages for its distribution centre workers.
Shares in the group dropped 11 percent, extending year-on-year losses to 37 percent after it said full year 2021–22 adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margins were now expected to be 9 percent to 9.5 percent, compared to 9.5 percent to 10 percent previously guided.
