Asos sales jump as customer numbers grow 24 per cent
Online retailer Asos grew sales by 26 per cent in the four months to 30 June, pushing revenue up to £514.6m for the period.
The company's share price was up 4.7 per cent in early trading.
Sales in the UK were up 28 per cent, while US sales surged by 45 per cent. Sales in the EU were up 22 per cent, and the rest of the world saw a 16 per cent increase.
In the ten months to 30 June, sales were up 25 per cent.
The group hit 12m active customers at 30 June – marking a 24 per cent increase year-on-year.
On the basis of the trading update, Asos boss Nick Beighton said, the firm now expects full year sales growth to come in at the upper end of the 20-25 per cent range.
"Given the increased momentum within the business combined with our strong financial position, we will maintain our successful programme of reinvestment to take advantage of the opportunities currently available to us," Beighton added.
The figures show Asos remains on track with its turnaround plan, and buck the general trend in retail – Marks & Spencer last week reported yet another sales decline in its clothing arm.