ASOS Update Doesn't Seem Positive Enough -- Market Talk

Dow Jones2025-03-21

1519 GMT - ASOS's update is a mixed bag, Panmure Liberum analysts Anubhav Malhotra and Wayne Brown write in a note. "We would caution against reading too positively into it," they say. The U.K. online fashion retailer expects significant improvement in profitability as well as earnings ahead of market views for the first half of its fiscal year 2025. However, it also estimates revenue in line with consensus, which currently guides for a 13% decline. The guidance for full-year Ebitda between 130 million pounds and 150 million pounds is based on assumptions of a return to flat sales or growth in the second half, which seems unlikely, they say. Shares are up 21% at 309.60 pence. (andrea.figueras@wsj.com)

 

(END) Dow Jones Newswires

March 21, 2025 11:19 ET (15:19 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment