THG reports strong results in Q1 2026
The parent company of Myprotein, THG, has reported strong results in the first quarter of 2026, marking the best performance since 2021.
The nutrition category of the company, THG Nutrition, saw its revenue increase by 8.8 per cent to £159.8m. THG Group’s overall revenue grew by 7 per cent to £393.1m.
The successful results were driven by online and offline channel sales as well as a standout performance from Myprotein.
Myprotein’s range delivered approximately 200 per cent growth in units sold into retail year-on-year, which was driven by the launch of Greencore food-on-the-go items as well as the expansion of the Müller range.
During the quarter the brand also expanded into other categories, partnering with Jimmy’s Iced Coffee, and now holds a 20 per cent share of the protein coffee sub-category.
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Matthew Moulding, CEO of THG, said: “It is energising for everyone at THG to see such a strong start to 2026, building on the better-than-expected momentum we delivered in H2 2025.
“In nutrition, our diversification into margin-accretive categories is now clearly paying dividends. Growth across activewear and other high-margin categories, including creatine, hydration and collagen, is helping to offset record whey commodity pricing.”
THG Nutrition’s results were also boosted by an entrance into higher-margin categories such as creatine, hydration and collagen, which helped to offset increased whey costs.
Moving forward, Myprotein is set to launch several growth initiatives, including introducing branded bays in Tesco stores nationwide, expanding to Canada and Latin America and launching in 1,200 Kroger stores in the US.
This comes after the brand delivered strong growth in its results for the previous financial year.



