July 13, 2018 2 minutes

ASOS (LSE: ASC) 3Q18 Update: Steady Growth in Sales with the UK Leading the Way

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

ASOS reported 3Q18 group revenue growth of 22% to £823.9 million in the four months ended June 30, 2018.
Retail gross margin expanded by 130 basis points during the quarter.
The company maintained the guidance provided at the 1H18 results update: for full-year revenue growth in the range of 25%–30%, adding that it is likely to be toward the lower end, and an EBIT margin of 4%.

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