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FOR IMMEDIATE RELEASE The information contained within this announcement is deemed by the company to constitute inside information stipulated under the Market Abuse Regulation ( EU ) No. 596/2014 as it forms part of the domestic law of the United Kingdom by virtue of the European Union ( Withdrawal ) Act 2018 ( as amended ) ( " UK MAR " ) . Upon the publication of this announcement via the Regulatory Information Service , this inside information is now considered to be in the public domain . Boohoo today provides an update for the three months to 30 November 2021 ( " the Period " ) . Boohoo has seen gross demand growth in the Period exceed that achieved in each of the first and second quarters of the financial year , however expectations for the financial year ending 28 February 2022 will be lower than previously guided . This is as a consequence of significantly higher returns rates impacting net sales growth and costs , with continued disruption to our international delivery proposition impacting international demand , and significant ongoing pandemic - related cost inflation . £ million It is the view of the board that the factors currently negatively impacting the business are primarily related to the ongoing impact of the pandemic and are , therefore , transient in nature . Group total net sales By region UK ROE USA ROW Overview ● ● FY22 boohoo group plc - Trading Update ( " boohoo " or " the Group " ) Three months to 30 November FY21 1 Year Change 10 % 506.2 O 320.3 53.9 104.6 27.4 460.7 243.6 61.2 121.3 34.6 32 % -12 % -14 % -21 % 2 Year Change 53 % 16 DECEMBER 2021 78 % 15 % 36 % -4 % Nine months to 30 November FY22 FY21 1,482.1 889.8 158.8 355.1 78.3 1,277.1 673.7 185.0 323.5 95.0 1 Year Change 16 % 32 % -14 % 10 % -17 % Gross sales up 28 % in the three - month period , net sales up 10 % Exceptional UK demand , validating the strength of our business model where our leading proposition across price , product and service continues to resonate strongly with customers across our brand portfolio UK gross sales up 58 % vs FY21 ; 102 % vs FY22 UK net sales up 32 % vs FY21 ; 78 % vs FY20 Net sales impacted by returns rates that are 12.5 percentage points higher than last year , and 7 percentage points higher than pre - pandemic levels driven by an exceptionally high dress mix International performance across the Group's brands and markets impacted by significantly longer customer delivery times as a result of the pandemic , with all of our international sales currently fulfilled from our UK distribution network O Having seen strong signs of a recovery in September , revenue in Europe has declined in the latter months of the Period with increased consumer uncertainty Performance in the US has not seen the recovery previously anticipated due to the continued impact of reduced air freight capacity on delivery times to customers Significant and ongoing pandemic related inbound freight cost inflation impacted gross margin in the Period , down 100bps year on year . This is estimated to impact EBITDA by approximately £ 20 million in the financial year , the majority of which is in the second half Strong balance sheet with current liquidity of over £ 170 million and net cash of £ 70 million ● The Group continues to invest in building a distribution network capable of supporting in excess of £ 5 billion of net sales , with our first US distribution centre expected to go live in 2023 , and we are considering options to expedite this process . 2 Year Change 65 % 80 % 18 % 89 % -2 %