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ASOS plc (GB:ASC)
LSE:ASC
Earnings Data
Report Date
Apr 15, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-44.6Last Year’s EPS
-102.2Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -4.31%
|Next Earnings Date:Apr 15, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in stock reduction, cash flow improvement, and operational efficiency gains, which were overshadowed by sales declines and margin pressures due to heavy discounting. The company is optimistic about future growth driven by strategic initiatives like Test & React and the ASOS World loyalty program, but current challenges in sales and marketing efficiency remain.Company Guidance
During the fiscal year 2024 results call, ASOS provided several metrics highlighting its performance and future outlook. The company successfully reduced its stock levels from £1.1 billion to £520 million over two years, achieving a 60% reduction in stock units and a 75% decrease in older stock. ASOS's new commercial model has led to a 24% year-on-year increase in the performance of its newest stock, which is turning 30% faster, resulting in a 19% increase in profit per order. Additionally, ASOS has seen its Test & React model contribute to 10% of sales, with Partner Fulfils accounting for 5% of brand partner sales. Marketing efficiency has improved, with a reported 18% increase in ROAS in the last quarter. The company aims for a 300 basis point improvement in gross margin for fiscal year 2025, targeting a range of 46% or higher, alongside a projected 60% growth in EBITDA to between £130 million and £150 million. ASOS plans to maintain a neutral free cash flow, reflecting its focus on sustainable, profitable growth.Stock Reduction and Cash Conversion
ASOS reduced its stock from £1.1 billion to £520 million over the last two years, transforming it into cash rather than burning it, which contributed to a £150 million increase in free cash flow compared to the previous year.
Test & React and Partner Fulfils Growth
Test & React now accounts for 10% of own brand sales, aiming to double to 20% next year. Partner Fulfils doubled to 5% of partner brand GMV, with plans to double again in the upcoming year.
Improvement in Unit Economics
ASOS improved variable contribution per order by 5% year-on-year and 28% on a two-year view. Stock turns increased by more than 30% year-on-year, and gross margins are expected to improve by at least 300 basis points next year.
Positive Free Cash Flow
The company achieved a positive free cash flow of £38 million, a year-on-year improvement of over £250 million, bolstered by a disciplined approach to stock management and cost reduction.
ASOS World Loyalty Program Launch
ASOS plans to launch a loyalty program, ASOS World, to enhance customer engagement and drive sustainable growth.
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GB:ASC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:ASC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | 376.00p | 351.40p | -6.54% |
| Apr 17, 2024 | 333.40p | 349.60p | +4.86% |
| Nov 01, 2023 | 395.40p | 365.00p | -7.69% |
| May 10, 2023 | 635.80p | 487.40p | -23.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ASOS plc (GB:ASC) report earnings?
ASOS plc (GB:ASC) is schdueled to report earning on Apr 15, 2025, TBA Not Confirmed.
What is ASOS plc (GB:ASC) earnings time?
ASOS plc (GB:ASC) earnings time is at Apr 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of ASOS plc stock?
The P/E ratio of ASOS plc is N/A.
What is GB:ASC EPS forecast?
GB:ASC EPS forecast for the fiscal quarter 2025 (Q2) is -44.6.
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