Asos profits to beat expectations as returns rate falls

Asos' profits will beat expectations

Online fashion giant Asos expects sales and profits this year to come in “significantly ahead of market 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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