Mar 21st 2013 - Edison Investment Research today published a report on ASOS (ASC.L, LSE:ASC, LON:ASC) entitled "Investing In Growth". In summary, the report says:
37% total retail growth rate (28% UK, 45% international) marked an acceleration from 30.4% in Q1 (UK 24.3%, international 34.4%) driven by strong Christmas trading. Looking forward, management expects sales growth to remain strong, a view supported by KPI data with active customers up 40% to 6m. Short-term investment in growth may restrain FY13 forecasts (subject to H2 top-line acceleration), but longer term, the earnings model and valuation look very much intact.
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