March 20, 2019 4 minutes

ASOS (LSE: ASC) 2Q19 Trading Update: Strong UK Demand, US Logistics Hit by Unexpected Jump in Demand, Guidance Unchanged

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

ASOS reported 2Q19 group revenues of £658.5 million, up 11.0% year over year on a constant-currency basis (up 13% year over year as reported). US sales declined due to an unexpected surge in orders causing disruption.
The company’s retail gross margin expanded 40 basis points year over year.
The company maintained its previous guidance for FY19.

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