RNS14 Jul 2010 08:27
ASOS plc ("Group")
UK's leading online fashion store
Quarter 1 Trading Results for the period ended 30 June 2010
£'000s
2010/11
2009/10
Increase
Retail Sales
61,712
40,201
54%
- UK sales
38,768
29,311
32%
- International sales
22,944
10,890
111%
Group revenues*
65,807
44,561
48%
*Includes retail sales, postage and packaging (P&P) income and 3rd party revenues
Key highlights:
· Retail sales up 54%, group revenues up 48%
· Strong UK and international sales, +32% and +111% respectively
· International sales mix now accounts for 37% of total retail sales
· Retail gross margin ahead of prior year
Nick Robertson, CEO, commented:
"I am pleased to report our strong sales momentum continued through the first quarter. Our retail sales are up 54% over the period, despite the impact of an extra week of sale activity in the comparable period last year.
"UK sales continue to perform strongly, up 32% and international sales, which now represent 37% of the total, remain robust at 111%.
"It is too early in the financial year to assume that these levels of sales will continue for the remaining three quarters; however we remain confident that this year will be another year of excellent progress."
14 July 2010
Why would this share drop on a trading statement like that????