Analysts anticipate 34%-35% sales rise at ASOS
Lauretta Roberts
16 October 2017
Analysts are anticipating a sales rise of between 35% and 35% at young fashion etail giant ASOS, which posts its year-end results tomorrow.
A rise of 35% would take its overall sales to £1.9bn and profits are expected to be in the region of £79.3m. It is expected the business will report particularly strong international sales growth of around 48.1% with UK sales up around 16.5%.
George Mensah of Shore Capital told City AM this past year had been one of "heavy investment" at ASOS which has laid the foundations for future international growth but he said there was potential for margin expansion in the UK "through localised sourcing in the long term".
