Asos has posted a jump in third-quarter revenues as it recorded strong growth in its domestic UK market and overseas.
The fashion etailer said total retail sales advanced 22% to ÂŁ823.9m on a reported basis in the four months to June 30, buoyed by a 23% spike in the UK, where it raked in ÂŁ288m.
Sales jumped 31% to ÂŁ257.4m across its European markets, while its US operations grew 15% to ÂŁ108.1m.
Asos said gross margins improved âahead of planâ by 130bps during the period, while active customer numbers swelled 20%. Conversion rates were up 10bps.
The pureplay business, which last week named former ITV boss Adam Crozier as its new chairman, said it expected retail sales to increase âtowards the lower endâ of the 25% to 30% range it had guided for the full year.
But pre-tax profit is expected to be âin line with consensusâ.
Asos boss Nick Beighton said: âI am pleased with the way the business has traded over the last four months and we are on track with our plans for the year.
âWe delivered good sales growth, particularly in the UK, better than planned gross margin alongside significant progress on our infrastructure investments.â
Beighton added that Asosâs fourth quarter had âstarted wellâ and said the business was âconfident of delivering another year of strong growthâ.
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