Asos Slumps on Weak Earnings Outlook Amid Complex Overhaul
MINT·2025-09-30 08:44
(Bloomberg) -- Asos Plc’s shares dropped the most in more than two years after the online fast fashion chain warned its full-year earnings will come in at the lower end of expectations as it works on a complex turnaround plan. The British retailer sees adjusted earnings before interest, taxes, depreciation, and amortization toward the bottom of its guidance range of £130 million ($175 million) to £150 million, according to a statement Tuesday. That compares to the analyst consensus of £140 million in a Bl ...