Speculation is growing on exactly when under pressure retailer Boohoo – which now trades as Debenhams Group – will publish its full-year results.

The listed Manchester-based online retailer has until the end of August to publish its highly-anticipated full-year results for the 12 months to February 28th, 2025.

Last year Boohoo published its results for the 12 months to February 29th, 2024, on May 8th – sparking wild speculation as to the reasons for the apparent delay.

The Telegraph, Retail Gazette and Sky News have all reported that the fashion brand’s owners have been in talks over a debt package worth as much as £175m.

The feverish speculation over possible refinancing prompted the company to take the unusual step of issuing a statement to the London Stock Exchange.

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The full statement read: “Debenhams Group, the online powerhouse in fashion, home and beauty, notes the recent speculation regarding a new debt facility. Shareholders are reminded, that as previously announced, it has in place an existing £125m RCF (revolving credit facility) which does not expire until October 2026. It continues to review its debt facilities, in the ordinary course of business.”

Earlier this week, Deutsche Bank was reported to have lowered its price target for Boohoo from 26p to 15p and maintained a ‘sell’ rating – sparking its share price to fall by 7 per cent.

Nervous

Analysts have become nervous by the growing uncertainty over the group’s apparent lack of financial visibility.

Its share price currently stands at 16.26p, giving it a market cap of just £225m. This compares with 26.40p just four months earlier on April 3rd – a fall of 38 per cent.

In last year’s full-year accounts, the retailer reported a 17 per cent fall in revenue to £1.46bn for the 12-month period to the end of February 2024, which it blamed on difficult market conditions.

Since then, the retailer has endured a tumultuous year, which has included:

  • Rebranding Boohoo Group as Debenhams Group;
  • Replacing CEO John Lyttle with Dan Finley;
  • Mike Ashley’s Frasers Group failing in its attempt to have Boohoo co-founder Mahmud Kamani removed as a director;
  • Closing its US distribution centre; and
  • Embarking on a cost-cutting programme.

Debenhams Group serves millions of customers across five shopping destinations: Debenhams, Karen Millen, boohoo, MAN and PLT.

boohoo rebrands as Debenhams Group