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ASOS (LSE: ASC) 3Q17 Update: Pure-Play Apparel Retail Is Still in Fashion

Executive Summary

  • ASOS grew revenues by 32% in 3Q17. At constant exchange rates, revenues climbed by 26%.
  • Retail gross margins were flat year over year.
  • The company expects FY17 sales growth to be at the upper end of the 30%–35% range.
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