Item 1 of 2 Clothes are displayed for sale in the ASOS pop-up store in London, Britain, November 12, 2025. REUTERS/Hannah McKay
The firm is undergoing turnaround efforts to bolster income through cost-saving measures, such as inventory reduction and restructuring, as it also works to revive its fast-fashion appeal among its core base of shoppers in their 20s.
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The company expects adjusted core profit for fiscal 2026 between 150 million pounds and 180 million pounds ($196.22 million and $235.46 million).
However, at the midpoint of 165 million pounds, that is below analysts’ average expectation of 173 million pounds, according to a company-compiled poll.
Adjusted core profit stood at 131.6 million pounds for the full year to August 31, missing estimates of 138 million pounds.
($1 = 0.7645 pounds)
Reporting by Pushkala Aripaka and Nithyashree R B in Bengaluru; Editing by Rashmi Aich
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