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LONDON (Reuters) – British fashion online retailer ASOS (ASOS.L) expects lower-than-expected August sales and full-year profit near the bottom of forecasts amid mounting pressure on consumers showed the point of view.

“After strong growth in June and July, August sales fell short of expectations,” it said Friday.

“This reflects the impact of accelerating inflationary pressures on consumers and the delayed start of fall/winter shopping.”

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The company said constant currency sales were up about 2% in the year to end August and net debt was about £150m ($174m), in line with market consensus and company guidance. below both.

In June, we expect an adjusted profit before tax for the full year of £20m to £60m.

He said he remained cautious about the outlook for consumer spending, but said he was “managing our business in line with the current environment.”

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Reported by Paul Sandle.Edited by William James and Edmund Blair

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