Company Earnings Update 2 minutesRegister for Free AccessASOS (AIM: ASC) 1Q17 Update: Strong Sales Prompts Upward Revision to FY17 Sales Guidance Coresight Research January 13, 2017 Executive Summary British online fashion retailer ASOS reported £606 million in retail revenues in 1Q17, up 36% year over year. At constant currency, 1Q17 revenues increased 30% year over year. Strong sales momentum was driven by 18% growth in the UK and 41% growth in international retail sales, at constant currency. Following the strong 1Q17 performance, ASOS has increased FY17 revenue guidance and now expects growth to fall in the range of 25–30%, up from 20–25% previously. The company also stated that FY17 capital expenditures will increase to £150-£170 million, up from the previous range of £120-£140 million. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Retail Shrink and ORC: Losing Inventory, Losing Customers—US Consumers’ Response to Theft4Q23 US Retail Inventory Insights: Inventory Turnover Ratios Grow Following the Holiday SeasonRetail-Tech Landscape: ERP SoftwareInnovator Profile: Optiversal Uses Generative AI To Create E-Commerce Content That Resonates with a Brand’s Audience
