Plenty of big-name ASX companies have tried and failed to conquer the global market – think Wesfarmers Ltd (ASX: WES) and that UK Bunnings ordeal they'd rather you forget about.
But there are a bunch of high-growth companies who are kicking goals overseas, and in an increasingly globalised world, that can surely only hold them in good stead for future success.
Check out these 4 ASX stocks that have gone gangbusters after going global and get them on your watchlist if you haven't already done so.
Costa Group Holdings Ltd (ASX: CGC)
Australian horticultural company Costa Group Holdings Ltd is one of Australia's biggest fresh food producers, but its Costa's diversification strategy and stronghold in Chinese and North African markets that you should really be watching closely.
Shares in Costa Group have been on a noticeable upswing in the last 12-months, at $7.13 at the time of writing from a 52-week low of $4.25.
Costa Group has managed to book double-digit growth in its underlying earnings and with Chinese market demand only on the rise, continued growth looks likely across Costa's international operations.
Costa Group's half-year to December 31, 2017 results announced in February included revenue growth of almost 10% from the previous corresponding period to $489.4 million and NPAT before SGARA and material items of $28.6 million – up 14.5% from 1H FY17.
Costa will pay a 5c per share fully-franked dividend on April 5.
Treasury Wine Estates Ltd (ASX: TWE)
Global wine company Treasury Wine Estates Ltd has built an enviable international portfolio of wine brands and viticultural assets with big names Penfolds, Beringer, Wolf Blass and Rosemount Estate in its arsenal.
Shares in Treasury Wine opened down 1.1% to $17.20 this week but have been on an upward trajectory in the last year, sitting 42% above its $12.07 share price at this time last year.
Treasury has gone global in a big way, with its wine now sold in more than 100 countries and has recently teamed up with Tmall – the retail platform of e-commerce giant Alibaba – to drive sales of several brands in China.
Treasury and Alibaba have an interesting past, with the pair assisting to nab the 13 perpetrators behind a fake Penfolds wine scam in Shanghai late last year after 14,000 bottles of fake Penfolds began circulating online.
Treasury have worked hard to develop relationships with its international stakeholders with more than 3000 winemakers, viticulturists, sales, distribution and support staff on the books.
Idp Education (ASX: IEL)
International student placement provider IDP Education was recently labelled as a buy by Medallion Financial Group analyst Michael Wayne after booking an impressive 28% growth in the first half of 2018 on the back of its booming placement services business.
IDP Education runs English language schools in South East Asia and is underpinned by a "multi destination" strategy with its Canadian and UK markets being top performers.
IDP has grown its operations to 100 offices with growth regions such as India and Nepal included.
IDP is thinking globally every step of the way, with a digital transformation currently in play and, Wayne believes, an "understated pricing power".
IDP shares were at $7.27 at the time of writing up from $4.36 at this time last year and nothing but continued growth looking likely on the horizon.
Premier Investments Limited (ASX: PMV)
Speciality retailer Premier Investments Limited just can't seem to put a foot wrong in the otherwise volatile retail chain space with the global expansion of its wildly popular stationery chain store Smiggle the key to its international territory success.
Premier's Smiggle golden child has more than 300 stores operating globally, across Australia, New Zealand, Asia, the UK and Ireland with a 26% increase in sales booked for its half-year to December 31, 2017 and global flagship store on London's Oxford Street due to open for business in May.
It is no secret that Premier has been well buoyed by the success of Smiggle in the recent past, but the company is also focused on the international appeal of sleepwear brand Peter Alexander as well, with the belief both brands are innovative enough to grow globally.
Other ASX companies faring well offshore include Cochlear Limited (ASX: COH) who is eclipsing peers as its operations across 20 countries continue to zoom and biopharmaceutical market darling CSL Limited (ASX: CSL) with manufacturing operations in the US, UK, Germany and Switzerland all producing solid returns as the company continues to successfully globalise its offerings.
