Online retailer Boohoo smashed expectations and now shares are surging.

• Revenues in the rest of Europe up 33%, and 52% in the rest of the world.
• Retail gross margin fell to 57.0% from 59.1% a year earlier. The company blamed this on investing in the customer experience, and in keeping prices low.
• Overall, gross margin 55.7% thanks to growth in third party sales.
• 3.9m active customers, up 33% on prior year.
• £58.7m cash on balance sheet.

Boohoo's stellar Christmas has also allowed them to increase their expectations for the full year. In a statement released by joint CEOs Mahmud Kamani and Carol Kane said (emphasis ours):

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