Clothing & Shoes
Asos FY losses widen to £379m despite turnaround progress
Despite increased losses, the group remained optimistic over its Back to Fashion turnaround plan, with ‘green shoots’ in new stock performance in recent months
Asos has seen full-year losses plunge to £379.3m, widening from its previous loss of £296.7m, as it focused on “setting strong foundations” for future growth through its turnaround plan. In the year ended 1 September 2024, group revenues fell by 18% to £2.9bn, down from £3.5bn the prior year, as the group said there was a “continued optimisation of profit contribution over revenue”.
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