ASOS's Update Seems Reassuring -- Market Talk

Dow Jones03-21

0842 GMT - ASOS's update on its outlook and performance looks reassuring given its recent weak performance in the stock market, RBC Capital Markets analysts Richard Chamberlain and Manjari Dhar write in a research note. The London-listed online fashion retailer anticipates first-half revenue in line with market views and adjusted Ebitda ahead of consensus. The group has the opportunity to boost its presence in international markets, where it has local infrastructure and is therefore better able to serve the consumer, the analysts say. However, it might need to invest more to improve brand awareness, they add. Shares are up 18.5% at 302.20 pence. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

March 21, 2025 04:42 ET (08:42 GMT)

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