Asos reports 19 percent rise in Q2 retail sales

Thursday, 12 March 2015

REPORT For the three months to February 28, 2015, retail sales at Asos were up 19 percent. While UK retail sales went up 30 percent, international retail sales increased 12 percent. Share of international retail sales reduced to 56 percent of total against 60 percent last year. Retail gross margin was down 320 bps on prior year.

For the six months retail sales increased 14 percent with 27 percent rise in the UK and 5 percent in international retail sales Share of international retail sales was 57 percent of total compared to 61 percent last year. Retail gross margin was down 270 bps on prior year. The company has 9.3 million active customers at the end of February 28, 2015, representing a rise of 13 percent on prior year.

Commenting on the interim statement, Nick Robertson, CEO, said, “Retail sales for the three months grew by 19 percent or over 22 percent on a constant currency basis, with strong growth continuing in the UK at 30 percent. We have also seen encouraging momentum in our international markets during the quarter at over 12 percent or 16 percent on a constant currency basis following the successful roll out of our zonal pricing capability and our planned price investments. We expect profit before tax for the full year to be in line with market expectations.”

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