ASOS shares jumped more than 9% to 245.88p, a six-week high, after the online retailer reported improved first-half profitability. Gross margins expanded by more than 300bps to around 48.5%, lifting adjusted EBITDA 51% to £64 million. The update points to stronger operating efficiency and a better earnings trajectory for the retailer.
ASOS shares jumped more than 9% to 245.88p, a six-week high, after the online retailer reported improved first-half profitability. Gross margins expanded by more than 300bps to around 48.5%, lifting adjusted EBITDA 51% to £64 million. The update points to stronger operating efficiency and a better earnings trajectory for the retailer.
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moderately positive
Sentiment Score
0.62
