ASOS Plc Q1 Retail Sales Up 30%
ASOS plc (ASC.L) reported first-quarter total retail sales of 165.8 million pounds compared to 127.1 million pounds prior year, an increase of 30 percent. Total group revenues were 169.4 million pounds compared to 130.7 million pounds last year.
UK retail sales were up 24 percent for the period. The company said its UK performance was ahead of expectations, driven by better conversion of traffic alongside continued investment in both proposition and pricing. International business grew by 34 percent and now accounts for 63% of the company’s total retail sales.
Nick Robertson, CEO, commented: “We remain positive in our outlook and continue to trade in line with expectations.”