RE: Nice RNS19 Mar 2019 07:43
10Sales at online retailer Asos rose 13% in the three months to the end of February.
It kept its guidance for 2019 sales at 15%.
Nick Beighton, chief executive, said that performance in the US was behind plans. "As our Atlanta warehouse went fully online, demand far exceeded our expectations. Whilst very encouraging for the longer term, this caused a significant short-term despatch back log which we have now cleared".
"Our retail gross margin guidance for the year remains. We will be increasing investment in price and marketing in the second half, particularly in France and Germany. Given the actions we are taking together with an improving US performance, we believe the group will deliver stronger growth in the second half. Consequently we remain confident that we will meet guidance for the full year."