|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||10.14 - 10.14|
|52-week range||10.14 - 65.95|
|Beta (5Y monthly)||2.61|
|PE ratio (TTM)||24.91|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Multiple board members at Asos recently sensed a buying opportunity, after a profit warning caused the fast fashion seller’s shares to drop in value by one third in a single day. The current inflationary storm caused Asos to cut guidance, predicting adjusted profits of between £20mn and £60mn for the year, compared with former consensus estimates of £92mn. The online clothing vendor said that inflationary pressure was “increasingly impacting our customers’ shopping behaviour”, with a higher number of purchases being returned.
Fast fashion pioneer has changed habits but is yet to prove it can reliably make decent returns on capital
Asos issued another profit warning, sending its shares down by a fifth on Thursday, with the online fashion retailer blaming rising inflation for a growing rate of product returns. The London-based group said it expected adjusted pre-tax profit to be between £20mn and £60mn, a substantial reduction from its previous guidance of £110mn to £140mn. Rival Boohoo also flagged higher rates of returns in a scheduled trading update.