ASOS plc ( (GB:ASC) ) just unveiled an announcement.
ASOS plc announced that it will release its H1 FY25 results on April 24, 2025, expecting significant profitability improvements despite volume challenges. The company attributes this to strong gross margin development, reduced markdown activity, and increased full-price sales, particularly in its own brands. ASOS’s Test & React model has been instrumental in driving growth, allowing the company to offer trend-setting products to its fashion-focused customer base. The anticipated revenue growth aligns with consensus expectations, with adjusted EBITDA projected to surpass consensus estimates.
More about ASOS plc
ASOS plc is a global online fashion retailer founded in 2000, catering to fashion-loving 20-somethings worldwide. The company offers a wide range of fashion products through its own brands such as ASOS DESIGN, ASOS EDITION, COLLUSION, Topshop, and Topman, alongside exciting products from local and global partner brands. ASOS operates with an agile commercial model, including ASOS Fulfilment Services and a Test & React model, to deliver the latest trends to over 20 million active customers in more than 200 markets.
YTD Price Performance: -48.34%
Average Trading Volume: 270,490
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £287.1M
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