ASOS (LON:ASC) Stock Price Up 18.4% – Still a Buy?

ASOS (LON:ASC) Stock Price Up 18.4% – Still a Buy?

ASOS Plc (LON:ASC – Get Free Report)’s share price was up 18.4% during trading on Friday . The company traded as high as GBX 318.60 ($4.11) and last traded at GBX 301.80 ($3.90). Approximately 1,883,284 shares were traded during mid-day trading, an increase of 268% from the average daily volume of 511,206 shares. The stock […]

British Asos, which includes Anders Holch Povlsen among its owners, had a fantastic day on the stock market on Friday.

Asos shares surge by more than 20 per cent after positive trading update

Asos shares have been on the decline since the pandemic, losing 94 per cent of their value between July 2021 and March 2025 - but the company's latest trading update has sparked a rally

Asos ups profit outlook amid strong margin gains

Asos has raised its profit outlook for the first half of the year despite its ongoing struggles with volume deleverage. The company stated that it expects a “significant” increase in profitability after it saw strong gross margin growth driven by lower markdown activity, an increased full-price mix, and continued cost discipline. The online fashion company has projected total sales growth of 13% with an adjusted EBITDA of £34m and an adjusted EB…

Asos named Leading in UK500, with 2025 revenue growth expected - InternetRetailing

As Asos teases ‘a significant improvement in profitability in H1 FY25’ ahead of its results set to be released on Thursday 24 April 2025, the fashion etailer has been named Leading in the RetailX UK500.  The etailer says it is well placed for growth following a two-year transformation programme. During that time, the UK-headquartered fast fashion retailer focused on the customer experience, disciplined stock management and fast product developme…

Asos raises profit outlook amid strong margin gains - Retail Gazette

Asos has raised its profit outlook for the first half of the year, forecasting a “significant” improvement in profitability despite ongoing challenges related to volume deleverage. The online fashion giant attributed the positive shift to strong gross margin growth, driven by lower markdown activity, an increased full-price mix, and continued cost discipline. Ahead of its first-half results next month, Asos confirmed that revenue growth is expec…