Asos has reported a 30 per cent growth year on year in total retail sales for its first quarter results for the financial year.
The company’s total revenue was £169 million while its total retail sales were £165 million for three moths ending 30 November 2012.
The online retailer’s international sales made up more than half of its results, with the company reporting a 2 per cent increase to 63 per cent compared to 61 per cent last year. Total retail sales for the year rose 34 per cent. This was made up of a 57 per cent increase in US retail sales, 15 per cent increase in EU retail sales and 42 per cent of retail sales from the rest of the world.
It now has over 5.4 million active customers shopping with them, which is a 35 per cent year on year increase.
However, retail gross margin is down 100bps on the prior year which was +440bps in the first quarter of last year.
Asos CEO Nick Roberton said he is pleased with the strong trading for the three months.
“The retail gross margin performance reflects a combination of a particularly strong comparative period, the UK accounting for a larger percentage of the total retail sales mix than initially planned and continued price reinvestment,” he said.
“We remain positive in our outlook and continue to trade in line with expectations.”