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ASOS - Q3 trading statement, valuation continues to look stretched

By Steven Moore | Thursday 13 June 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Online fashion and beauty retailer (and AIM-listed stock market darling) ASOS plc (ASC) has announced further accelerating UK and international sales in its third quarter ended 31st May 2013. UK retail sales of £64.35 million represented a 39% year-on-year increase (up from a second quarter increase of 28% and first quarter increase of 24%), with international retail sales of £129.27 million representing a 48% year-on year increase (up from 45% and 34%).


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