lonasc
Look ahead to FTSE 350, other companies reporting & economic events from 17 – 21 October 2022 Netflix Inc (NASDAQ:NFLX) should offer an update on whether its ad supported tiers can carry the business through a tougher environment.We’ll see if ASOS plc (LON:ASC) will follow in the footsteps of some of its retail peers with disappointing resultsTesla Inc (NASDAQ:TSLA)’s performance in China will be in the spotlightOngoing growth expected from Relx PLC (NYSE:RELX)London Stock Exchange Group Plc (LON:LSEG) looks to deliver steady resultsQ3 2022 hedge fund letters, conferences and more Find A Quali...
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ASOS plc (LON:ASC)’s sales in the third quarter rose 4% to £983.45m, excluding Russian operations and the impact of exchange rates. Growth in the US and UK offset declines in the EU and Rest of World, but higher return rates, rising freight costs and discounting meant gross margins declined 3.10 percentage points to 44.0%. A higher number of customer returns and market volatility, means full-year revenue growth is now expected to be 4-7% and pre-tax profit between £20m and £60m, down from previous guidance. Q1 2022 hedge fund letters, conferences and more The group also announced that Jose Ant...
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ASOS plc (LON:ASC) is targeting £7bn worth of sales over the next 3-4 years, with operating profit margins of at least 4%. This reflects a compound annual growth rate of 15-20%.The group plans to support this initiative by building out its own-brand offerings to add £1bn to revenue, doubling the size of ASOS in the US and EU, increasing Partner fulfilment to 5% of merchandise volume and embarking on cost saving efforts worth £50m-£100m. Q3 2021 hedge fund letters, conferences and more Longer-term, the group plans to grow Partner fulfilment to 25% of merchandise volume. Growth in this higher-ma...
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Underlying retail sales rose 20%, to £1.2bn in the third quarter, ignoring the effect of exchange rates. That includes growth in all regions except Rest of World. Q2 2021 hedge fund letters, conferences and more ASOS plc (LON:ASC) said COVID uncertainty and bad weather meant trading weakened in the last three weeks of the quarter. The group also warned that global supply chain issues, including freight capacity shortages and delivery delays, are set to continue. However, underlying pre-tax profit expectations for the full year are unchanged. The shares fell 8.2% following the announcement. ASO...
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Look ahead to FTSE 350 & other companies reporting from 12 to 16 July Q2 2021 hedge fund letters, conferences and more Deals may be on the agenda with Emis Group Plc (LON:EMIS)PepsiCo, Inc. (NASDAQ:PEP)’s prospects are bubbling upWe’ll see if Barratt Developments PLC (LON:BDEV) is on track to deliver on its completion volume forecastASOS plc (LON:ASC) will let us know what the easing of restrictions means for sales trendsExperian plc (LON:EXPN)'s update could give us an update on the strength of the US recoverySevern Trent Plc (LON:SVT) will tell us whether business water demand is picking upB...
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Etsy Acquires Depop for $1.6 billion: 5 Of The Most Famous Fashion Business Acquisitions Ever Q1 2021 hedge fund letters, conferences and more Etsy Acquires DepopFollowing todays announcement thatEtsy has spent $1.6 billion on buying the British fashion app Depop, the team at business formation providers ZenBusiness have delved into the archives to look into some of the most famous - and expensive - business acquisitions of the past within the fashion industry. Kering Acquires Gucci & Yves Saint Laurent (1999)$3 billion ($4.8 billion)*In 1999, Kering - a French-based global luxury brand former...
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