Asos posts sales and profit growth, CEO Nick Beighton steps down

For the year to August 31, 2021, Asos plc reported total sales growth of 22 percent to 3,910.5 million pounds. The company said that growth was underpinned by exceptional performance in the UK which grew at 36 percent, whilst internationally sales growth in both the EU and US was 15 percent and 21 percent, respectively, reflecting the wholesale contribution in P4 which continues to gain momentum. RoW delivered 6 percent growth year-on-year. The company’s pre-tax profit increased by 36 percent to 193.6 million pounds.