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ASOS profit misses consensus by 37.2% in fiscal H1

ASOS PLC said its normalized net income for the fiscal first half ended Feb. 28 amounted to 9 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 15 pence per share.

EPS declined 39.8% year over year from 15 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £7.6 million, a decline of 39.9% from £12.7 million in the year-earlier period.

Total revenue grew 14.3% year over year to £550.5 million from £481.7 million, and total operating expenses increased 16.7% year over year to £538.8 million from £461.7 million.

Reported net income decreased 5.1% on an annual basis to £14.6 million, or 18 pence per share, from £15.4 million, or 19 pence per share.