Episode Details
Back to EpisodesAsos Profits Soar, Shares Jump 13% Despite Competition
Description
Asos stock surges 13% on robust half-year profits, driven by cost controls, higher gross margins, and fewer returns. Despite competition from low-cost rivals, the company shows signs of recovery in key markets and expands its global loyalty program. Asos maintains its full-year profit target, with positive signs in new customers and womenswear sales.
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