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ASOS raises 2018 sales guidance after strong year

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ASOS raises 2018 sales guidance after strong year

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LONDON (Reuters) – British online fashion retailer ASOS <ASOS.L> increased its outlook for sales growth in its 2018 financial year to 25-30 percent after it met market expectations with a 27 percent rise in retail sales in the year to end-August. The company, which targets fashion-conscious twentysomethings in Britain and abroad, reported full-year retail sales of 1.8 billion pounds ($2.38 billion), and pretax profit of 80 million pounds, up 145 percent.

($1 = 0.7548 pounds) (Reporting by Paul Sandle, editing by James Davey)
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