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ASOS Plc (ASOMF)
| Previous close | 10.14 |
| Open | 12.52 |
| 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 |
| Volume | |
| Avg. volume | 4,530 |
| Market cap | 1.065B |
| Beta (5Y monthly) | 2.61 |
| PE ratio (TTM) | 24.91 |
| EPS (TTM) | 0.41 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Financial Times
Directors’ Deals: Asos board buys in as shares hit decade-low
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.
- The Guardian
Twentysomething Asos is looking more fragile than agile
Fast fashion pioneer has changed habits but is yet to prove it can reliably make decent returns on capital
- Financial Times
Asos warns on profits as customers send back more purchases
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.
