London · Delayed Price · Currency is GBP · Price in GBX ASOS Plc Earnings Call Transcripts
Fiscal Year 2026
-
Gross margin and EBITDA saw strong year-over-year gains, with inventory and costs tightly managed. Growth is returning in core segments, especially womenswear and the U.K., and AI-driven innovation is accelerating customer experience and operational efficiency.
Fiscal Year 2025
-
Transformation efforts delivered a 370 bps gross margin increase and 60%+ EBITDA growth, despite a 12% GMV decline. Inventory and net debt were significantly reduced, and new digital and product initiatives are driving improved customer engagement and profitability.
-
Leadership is focused on amplifying strengths, accelerating growth, and expanding the partner ecosystem. AI innovation is central, with 50 new agents unveiled and a product-led growth strategy. Q1 exceeded expectations, operational efficiency is high, and the business is well-positioned for future scalability and stability.
-
Adjusted EBITDA improved by GBP 60 million year-on-year, driven by higher gross margins and cost efficiencies, despite a 13% sales decline. Own brand full-price sales grew, inventory was reduced, and the U.S. market saw improved profitability. FY2025 guidance remains unchanged.
Fiscal Year 2024
-
A two-year transformation delivered a 50% stock reduction, improved profitability, and operational agility, with FY24 adjusted EBITDA at GBP 80 million and free cash flow of GBP 38 million. FY25 guidance targets a 300 bps gross margin improvement and 60% EBITDA growth.
-
Announced a joint venture with Heartland for Topshop/Topman, a major refinancing, and a trading update. FY24 Adjusted EBITDA is expected at the top end of consensus, with sales slightly below guidance. Strategic focus remains on profitable growth and operational agility.