Company Earnings Update 3 minutesRegister for Free AccessASOS (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? Register for a free user account. This document was generated for Other research you may be interested in: Retail-Tech Landscape: Unified CommerceAI Underpins the Tech-Driven Shift in US Grocery, from Smarter Forecasting to Faster CheckoutTrends and Predictions for 2025 with Updates from CES and NRF: Premium Subscriber Call, January 2025Freeze, Flight or Fight? How Retailers Can Strategically Navigate Tariff Turmoil
