UK's ASOS gains on forecasting annual profit above market expectations
05/11/2026 08:09
BUZZ-UK's ASOS gains on forecasting annual profit above market expectations ** Shares of British online retailer ASOS ASOS.L up 4.3% at 440p, their biggest intraday gain since Sept 24
** Co now expects adjusted core profit of £180 mln ($242.80 mln) to £200m for the fiscal year ending Aug 2027, above a company-compiled market consensus of £177 mln
** Co said sales in the opening weeks of the current fiscal year had been encouraging, with its active customer base rising about 1% since year-end to 16.5 mln by the end of Oct
** As of last close, ASOS up ~49% YTD
($1 = 0.7413 pounds)
(Reporting by Amna Mariyam in Bengaluru)
((amna.mariyam@thomsonreuters.com; +91 8448625620))