The THG Group, which owns brands including Lookfantastic and Myprotein, has attracted new nutrition customers both online and instore, with “positive momentum” within this sector continuing to build.
Ahead of its AGM, THG reported Q2 2025 revenue growth is expected to be between 5.0% and 7.0% (Q1 2025: +0.1%), with the business growing at its fastest rate since Q1 2022.
Its Myprotein range is now available in over 34,000 stores, principally within the UK, US and Japan. THG hopes to increase this to 40,000 by the end of the year.
It has recently expanded into the US with new listings in retail giant Walmart, pharmacy chain CVS, and expansion into additional GNC nutrition stores.
Myprotein’s move into both the offline and licensing space will see c.45 million units sold via these channels during 2025. The retail sales value of offline and licensed products is expected to be around £170mn for FY2025.
Furthermore, the group has seen an improvement quarter-on-quarter for its beauty range, with its revenue decline predicted to be between -2.0% and -3.0%, while in Q1 it was -9.8%.
The group stressed that beauty retail has been resilient in its largest territory of the UK, with growth at its highest rate since Q1 2024 – which also supports market share gains. It has however withdrawn its beauty offering, which includes Cult Beauty and Lookfantastic, from some less profitable locations in Asia and Europe.
Discover more about Lookfantastic in an exclusive company profile in the SubscriptionX 2025 report.
Hobbycraft, Gousto, Pets at Home, Cheesegeek, Who Gives A Crap and Hotel Chocolat are also profiled in this recently published report.
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