16 Jun 2022

Guidance cut on a continuing higher return rate

ASOS plc (ASC:LON) | 382 0 0.0% | Mkt Cap: 455.7m

- Jie Zhang
- 3 pages

Asos has cut its FY22 guidance as shoppers return more clothes amid inflationary pressure. The group also continues to work actively against the ongoing global supply chain challenges. The FY22 top-line is expected to grow between 4%-7% vs .10%-15% previously Adj. PBT will be in a range of £20m-£60m vs. £110m-£140m.

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Guidance cut on a continuing higher return rate

ASOS plc (ASC:LON) | 382 0 0.0% | Mkt Cap: 455.7m

Published: 16 Jun 2022
Author: Jie Zhang
Pages: 3

Asos has cut its FY22 guidance as shoppers return more clothes amid inflationary pressure. The group also continues to work actively against the ongoing global supply chain challenges. The FY22 top-line is expected to grow between 4%-7% vs .10%-15% previously Adj. PBT will be in a range of £20m-£60m vs. £110m-£140m.