ASOS shares gained 1.6% to 689.5p in early morning trading on Friday, after the fashion group reported trading in line with management expectations in its pre-close trading update.
However, the business confirmed weaker than expected sales in August following strong growth across June and July due to the cost of living crisis and inflationary concerns.
ASOS confirmed profit expected at the bottom end of company guidance, with a 2% constant currency sales rise and net debt at £150 million.
The retailer said it remained cautious on its consumer spending projections, however it continued to make strategic progress and manage the company for the current macroeconomic environment.
ASOS is scheduled to announce its FY 2022 results on 12 August 2022.
