THG, the London-listed company behind fitness supplement brand Myprotein, has delivered sales growth that exceeded expectations following changes to its operating model.
Third-quarter turnover climbed 6.3 per cent, the retailer announced to markets this morning, propelled by 10 per cent growth in nutrition, coupled with "continued momentum" in beauty, as reported by .
This marks the strongest organic quarterly expansion since the fourth quarter of 2021, and surpasses company forecasts of 3.9 per cent to 5.9 per cent growth.
THG plc previously owned City AM until its Ingenuity division separated from the broader group at the beginning of 2025.
Chief Executive Matt Moulding expressed satisfaction at reporting "pleased to report a solid third-quarter performance, with a return to growth across both THG Beauty and THG Nutrition."
"Our progress is a direct result of the strategic initiatives and operational change we have implemented, and we are well positioned for the key trading period ahead," he added.
THG shares have surged more than 27 per cent over the past six months, returning the company to the FTSE 250 index after its earlier departure this year.
In an analyst note published earlier this year, JP Morgan indicated it saw "the tide turning post a period of strategic evolvement.
"We see first signs of improved performance following a period of extensive strategic evolvement," it stated, noting that the THG Ingenuity demerger has allowed management to concentrate on core operations. Moulding stated: "In THG Beauty, our focus on commercial discipline and elevating the brand proposition has driven a return to revenue growth, supported by a strong advent launch.
"Within THG Nutrition, we remain on track with our focus on expanding Myprotein's D2C market share, alongside accelerating our global offline presence through retail and brand partnerships. A number of exciting new partnerships are set to be announced soon, helping us to further build on this year's positive momentum."
