JOHN STEVENSON PEEL HUNT
The offer and price architecture continue to hit the consumer sweet spot, while increased marketing investment is delivering clear results. Momentum continues, with more international mobile sites, an android app and the potential roll out of premier overseas. No change to forecasts, reiterate ‘buy’.
JEAN ROCHE PANMURE GORDON
Asos has published a third quarter statement which is better than consensus...and in line with our top end forecast (45.3 per cent). It remains our top pick in the general retail sector – with the most recent proof of its ability to surprise and delight being the tie up with Primark.
SANJAY VIDYARTHI ESPIRITO SANTO
The performance has been strong across the board, but it is the UK that is likely to stand out with growth of 39 per cent. This is a material acceleration on the 26 per cent growth seen in the first half...The acceleration suggests that initiatives on pricing, product, delivery and digital marketing are working very well.