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ASOMF / Asos posts £297 million loss, plans massive discounting but slow sales expected

ASOS PLC (LSE:ASC) shares headed lower again after the online fashion retailer confirmed much larger losses for the past year and painted a mixed picture of progress with its "driving change" initiatives expected to result in slow sales continuing in the current year. A loss before tax of £296.7 million was posted for the year to 3 September compared to a £31.9 million loss the prior year, while net debt swelled 166% to £319.5 million. Read More

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Posted: Nov 1 2023, 04:41

Author Name: Proactive Investors

ASOMF News

By Seeking Alpha
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ASOS Plc (ASOMF) Q4 2023 Earnings Call Transcript

By PYMNTS
November 1, 2023

Asos Looks to Separate ‘Good Returns' From ‘Bad Returns'

Online fashion retailer Asos is focused on returns as it continues its cost-cutting measures. “While we continue to believe that free returns are a

By Proactive Investors
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Asos: Is this the beginning of the end?

ASOS PLC (LSE:ASC) is facing a huge uphill climb regarding its turnaround strategy. Yet if it does reach the summit, a whole host of short sellers, en

By Proactive Investors
November 1, 2023

Asos posts £297 million loss, plans massive discounting but slow sales expected

ASOS PLC (LSE:ASC) shares headed lower again after the online fashion retailer confirmed much larger losses for the past year and painted a mixed pi

By Proactive Investors
October 30, 2023

Asos reported sale of Top Shop raises concerns about viability

Asos PLC rose 3.1% after reports that it is exploring a sale of the Topshop brand it bought from Sir Philip Green's collapsed retail empire less than

By Proactive Investors
October 25, 2023

Retailers "vulnerable" as Boohoo, Asos stocks most-shorted, says GraniteShares

Boohoo Group PLC (AIM:BOO) and ASOS PLC (LSE:ASC) were the two most shorted companies in the UK on Monday, according to new analysis from global excha

By Proactive Investors
October 24, 2023

Asos delays results to complete audit; guidance unchanged

Asos PLC is delaying publication of its annual results by one week although it stressed financial guidance remained unchanged. The online fashion reta

By Invezz
October 23, 2023

Asos share price analysis and earnings preview: is it a bargain?

Asos (LON: ASC) share price has moved sideways in the past few months as investors assess the company's performance. The stock was trading at 400p on

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