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

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%.