Company Earnings UpdateASOS (LSE: ASC) 1Q19 Trading Update: Challenging November Prompts Sales and Profit Warning Coresight Research December 18, 2018 Executive Summary ASOS reported 1Q19 group revenue growth of 14.0% to £656.0 million in the three months ended November 30, 2018. The company warned of a “significant deterioration” in trading in November. Retail gross margin contracted 160 basis points during the quarter. The company revised down the guidance for FY19 that it provided in its FY18 results update, from revenue growth of 20%–25% to 15%, and retail gross margin from no change to down 150 basis points. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: New Tariffs, New Challenges: How US Trade Policies Could Impact Prices and ProfitsInnovator Profile: Gain—Autonomous AI Employees for Smarter, Faster ProcurementLeveraging Digital Services, AI and Quick Commerce for Competitive Advantage: Global Learnings for US Retail and E-CommerceSentiment; Tariff Perceptions; Inflation Reactions—Taking the Consumer Pulse on Essentials: US Consumer Survey Insights
