0821 GMT - ASOS issued guidance for fiscal 2026 that came below expectations, analysts at RBC Capital Markets Richard Chamberlain and Manjari Dhar write in a note. The U.K. online fashion retailer expects gross merchandise volume to be between 3 and 4 percentage points ahead of revenue in fiscal 2026. The group also anticipates a gross margin of 48% to 50% and adjusted Ebitda in a range of 150 million to 180 million pounds. While results for fiscal 2025 are broadly in line with expectations, the outlook appears slightly below estimates, they say. ASOS offers a customer friendly proposition, but it operates in a highly competitive environment and its advantages have reduced in recent years, the analysts say. Shares are down 6.9% at 230 pence. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
November 21, 2025 03:21 ET (08:21 GMT)
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