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).
ASC Sales Performance
- Like-for-like sales growth: Down 16.0% vs 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%.
The primary driver behind last 12 months revenue was the United Kingdom (UK) segment contributing a total revenue of UK£1.33b (46% of total revenue). Notably, cost of sales worth UK£1.74b amounted to 60% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£979.8m (65% of total expenses). Explore how ASC's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in the United Kingdom.
Performance of the British Specialty Retail industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for ASOS that 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.
About LSE:ASC
ASOS
Operates as an online fashion retailer in the United Kingdom, the European Union, the United States, and internationally.
Fair value with mediocre balance sheet.
