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ASOS (LSE: ASC) 1H19 Results: Profits Slide due to Higher Warehousing and Technology Costs

Executive Summary

  • ASOS reported 1H19 group sales of £1.31 billion, up 12.0% year over year on a constant-currency basis (up 13.5% as reported) and slightly ahead of the consensus estimate of £1.30 billion recorded by StreetAccount.
  • The company reported diluted EPS of 3.6 pence, down 87.7% year over year, but above consensus of 3.1 pence.
  • ASOS maintained its full-year guidance.

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