- Member Benefits
- Manage your personalised Watchlist.
- Set up an online Virtual Portfolio.
- Participate in Share Chat.
- See more trades and director dealings.
- Play the Fantasy Share Trading Game.
Share:
HomeShare PricesStock PickerFinancial DiaryUK IndicesUK Industry SectorsCompany LookupShare RisersShare FallersBroker RatingsFinance GlossarySMS ServicesShare ChatFinance NewsBlogsLive PricesShares BookshopFinance ToolsMembers
Latest Share Chat
Asos ShareCast News (ASC)
ShareCast News for Asos (ASC)
| Share Price: 3,826.00 | Bid: 3,820.00 | Ask: 3,827.00 | Change: 0.00 (0.00%) |  | ||||||
| ||||||||||
ASOS hails strong quarter
Tue, 10th Jul 2012 07:39
Online fashion firm ASOS posted a 31 per cent rise in first quarter retail sales after a strong performance from the US, Australia and resilient trading in the UK.
The group said it continues to trade in line with expectations and remains positive about its outlook. Retail sales rose to £137m in the three months to June 30.
UK retail sales for the three months increased 8% and International sales jumped 49%.
Chief Executive Officer Nick Robertson commented: "Our UK performance was particularly encouraging given the current climate."
Growth at its International business was underpinned by a strong performance in the US, up 83%. Sales at the rest of world category bounced 61%, with most of its growth from Australia.
International sales now represent 65% of the total up from 57% last year, it said.
ASOS said it continues to trade in line with expectations and retail gross margin is in line with guidance.
CJ
The group said it continues to trade in line with expectations and remains positive about its outlook. Retail sales rose to £137m in the three months to June 30.
UK retail sales for the three months increased 8% and International sales jumped 49%.
Chief Executive Officer Nick Robertson commented: "Our UK performance was particularly encouraging given the current climate."
Growth at its International business was underpinned by a strong performance in the US, up 83%. Sales at the rest of world category bounced 61%, with most of its growth from Australia.
International sales now represent 65% of the total up from 57% last year, it said.
ASOS said it continues to trade in line with expectations and retail gross margin is in line with guidance.
CJ
Broker tips: Ocado, ASOS, BT Group
Following today“s AGM statement from on-line grocer Ocado analysts at Panmure Gordon believe there is an increased chance that it will reach a deal with peer Morrison.[10 May '13]
Broker snap: ASOS is in a 'sweet' spot, UBS says
'Better impossible' may be the most apt title for UBS“s research note on Friday morning for retailer ASOS, except for the fact that it could conceivably get even better.[10 May '13]
Tuesday broker round-up UPDATE
Aberdeeen Asset Management: Morgan Stanley raises target price from 478p to 548p retaining an overweight rating. Bank of America ups target price from 455p to 475p and leaves its neutral rating unchanged. JP Morgan increases target price from 532p to 573p and maintains an overweight rating. Citigroup ups target price from 455p to 470p, while its neutral rating remains unchanged. UBS moves target price from 500p to 520p and retains a buy recommendation. Jefferies revises targe[30 Apr '13]
ASOS confident for remainder of year
Online fashion retailer ASOS delivered an increase in first half profit and retail sales and said it is on track to meet full year targets.[30 Apr '13]
Sunday share tips: ASOS, AB Foods, Archipelago Resources
Internet fashion retailer ASOS is in fashion and will continue to be so for some time to come. Yes, the company“s latest trading statement - due out on Tuesday - is likely to show that gross margins suffered this past fall and winter as the outfit "invested" in more customer traffic via price reductions. Yet that is likely to turn out to have been "a pause to refresh," and it worked. Sales have shot up by a third over the last half-year. Thus, some analysts see the shares ris[28 Apr '13]
ASOS announces retirement of International Director
Online fashion retailer ASOS said its International Director Jon Kamaluddin is stepping down from the board after nine years with the company.[24 Apr '13]
Monday broker round-up UPDATE
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation.[8 Apr '13]
Tuesday broker round-up UPDATE
Afren: Liberum Capital shifts target price from 123p to 130p maintaining a hold recommendation.[2 Apr '13]
