Asos Warns Full-Year Target Is at Risk From Inflation, War
- Economy has worsened since goal was set in October, Asos says
- Online retailer maintains guidance except for Russia business
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Asos Plc, the British online fashion retailer, said its full-year earnings goal is at risk from accelerating inflation and disruption from Russia’s war in Ukraine.
The retailer said Tuesday it’s maintaining its forecast for the fiscal year ending in August, except for the loss of business due to a suspension of sales in Russia.