ASOS Full Year 2024 Earnings: Misses Expectations

ASOS (LON:ASC) Full Year 2024 Results

Key Financial Results

• Revenue: UK£2.91b (down 18% from FY 2023).
• Net loss: UK£338.7m (loss widened by 52% from FY 2023).
• UK£2.84 loss per share (further deteriorated from UK£2.13 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ASOS Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 109%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in the United Kingdom.

Performance of the British Specialty Retail industry.

The company's shares are down 3.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - ASOS has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.