Online fashion and beauty store ASOS continued its recent barnstorming performance, boosting revenues by a third in the last quarter.
Group revenues were up 31% to £145.2m in the fourth quarter, the firm said in a trading update.
Retail sales were up 31% year-on-year, with a 15% rise in the UK and a 42% jump in international trading.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
International sales now make up 65% of the company's total business, it said.
Retail sales for the full year to the end of August increased 38% to £538m.
ASOS' retail gross margin was up 70bps on prior year, while the number of active customers on its site rose by almost a third to 5m by the end of August.
"Profit for the five months ended August 31 and pro forma full year, are expected to be in line with expectations, and we approach our new financial year with continued confidence," said Chief Executive Nick Robertson.
-
Shein shifts IPO focus to Hong KongThe development piles fresh pressure on London’s beleaguered stock market, which many had hoped would be boosted by Shein’s IPO
-
Scientists turn lead into gold – could it wreck the yellow metal's price?Medieval alchemists have been vindicated after scientists turned lead into gold, but the results aren’t going to crash the gold price any time soon
