Asos profits to beat expectations as returns rate falls

Asos' profits will beat expectations

Asos reported that it was benefiting from “stronger than anticipated underlying demand” as well as a “beneficial returns profile” as customers send back fewer purchases.

The etailer now anticipates revenue growth over the year of between 17% and 19% and pre-tax profits to be “in the region of £130m to £150m”.

 

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