THG is trading 10.28% down at £28.44 after September 10, 2026 results warned new EU import duties would weigh on its beauty business.
- Reuters reported first-half adjusted core earnings more than doubled to £42.8 million.
- Management expects third-quarter revenue growth of about 2%, partly due to EU duties, a European heatwave and delayed own-brand beauty sales.
- Fourth-quarter rebound to 6%-7% is expected; the company-specific outlook reset outweighed stronger first-half profitability and broader consumer-discretionary weakness.