UK-based retailer THG has reported a 6.3% rise in third-quarter (Q3) revenue in 2025 – its strongest organic sales growth since Q4 2021.
The company attributed the improvement to double-digit expansion in its nutrition business and steady progress in beauty.
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The nutrition division reported 10% year-on-year revenue gain, while beauty grew 4.2%.
The group’s overall growth was offset by the impact of business disposals and discontinued activities, which reduced year-to-October, and Q3 revenue by 340 basis points (bps) and 270 bps respectively.
Within beauty, the sale of the luxury portfolio and other asset disposals affected growth by 490 bps year-to-October and 380 bps in the quarter.
The sale of Claremont Ingredients trimmed nutrition’s growth.
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By GlobalDataRevenue guidance for the second half of 2025 remains unchanged, with expectations of THG Beauty growing between 1% and 3%, THG Nutrition between 10% and 12%, and overall group performance between 3.9% and 5.9%.
The company stated that its third-quarter results “positions the group favourably against this guidance.”
The board confirmed that full-year forecasts remain in line with company consensus, stating that THG is entering its most profitable and cash-generative phase.
In beauty, the business expects record Advent sales in 2025, supported by strong UK retail demand, including double-digit revenue growth from Lookfantastic.
The US market also showed improvement, led by gains in luxury skincare and device categories, with subscription revenue rising 22% year-on-year.
The nutrition division delivered its highest growth in more than two years, driven by online and offline sales.
Myprotein expanded its US presence through 2,500 CVS stores and widened its reach in the Middle East via Spinneys Supermarkets.
The company’s oartnerships during the quarter included collaborations with Jimmy’s Iced Coffee, Müller, Kirsty’s and HYROX. Myprotein also partnered with Everlast Gyms to open 60 in-gym Myprotein Kitchens across the UK and Ireland.
THG CEO Matthew Moulding stated: “I am pleased to report a solid Q3 performance, with a return to growth across both THG Beauty and THG Nutrition.
“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 [direct-to-consumer] 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.
“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.”
