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Tricky times ahead for ASOS as it faces “murky” outlook

Tricky times ahead for ASOS as it faces “murky” outlook

ASOS [LON:ASC] has reported sales over the year rose 4% to £3.9bn, excluding Russian operations and the impact of exchange rates. Growth was supported by the UK and US which offset declines in the Rest of World category. Growth in the second half was lower than expected as inflationary pressures weighed on consumer spending.

Armed with a fresh CEO at the helm ASOS is looking to deliver change over the next 12 months in an attempt to streamline the business during these challenging times. We take a look in this Members Only article at some of the key metrics and whether investors should be keeping the faith with ASOS.


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