ASOS share price: Retailer posts trading statement

on Mar 12, 2015
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ASOS Plc (LON:ASC) has this morning updated investors on its recent performance.

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**Highlights from ASOS’ statement:**
Three months to 28 February 2015 highlights
· Retail sales up 19% (UK retail sales up 30%, International retail sales up 12%); · International retail sales 56% of total (60% last year); · Retail gross margin down c.320 bps on prior year

Six months to 28 February 2015 highlights
· Retail sales up 14% (UK retail sales up 27%, International retail sales up 5%); · International retail sales 57% of total (61% last year); · Retail gross margin down c.270 bps on prior year; · 9.3 million active customers2 at 28 February 2015, up 13% on prior year; · Strong balance sheet and cash position
Nick Robertson, CEO, commented:
“Retail sales for the three months to 28 February 2015 grew by +19% (+22% on a constant currency basis), with strong growth continuing in the UK at +30%. We have also seen encouraging momentum in our international markets during the quarter at +12% (+16% on a constant currency basis) following the successful roll out of our zonal pricing capability and our planned price investments.
Our investments in our warehouse and IT platforms are on track. We expect profit before tax for the full year to be in line with market expectations.”

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